https://www.taxtmi.com/caselaws?id=169098 The Tribunal dismissed the Revenue's appeal and allowed the disallowance sustained by the Commissioner in favor of the assessee. The Tribunal held that the liability to pay tax arises when transactions subject to tax occur, regardless of any ongoing dispute. Despite the assessee disputing the demand, the Tribunal ruled that the deduction for the entire liability should be allowed until relief was obtained. The Tribunal also rejected the grounds raised in the cross-appeal related to the validity of the notice under section 148, as the deduction of liability was allowed on merits. en-us Thu, 31 Oct 2013 00:00:00 +0530 Mon, 06 Apr 2015 21:33:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169098 The Tribunal dismissed the Revenue's appeal and allowed the disallowance sustained by the Commissioner in favor of the assessee. The Tribunal held that the liability to pay tax arises when transactions subject to tax occur, regardless of any ongoing dispute. Despite the assessee disputing the demand, the Tribunal ruled that the deduction for the entire liability should be allowed until relief was obtained. The Tribunal also rejected the grounds raised in the cross-appeal related to the validity of the notice under section 148, as the deduction of liability was allowed on merits. Case-Laws Income Tax Thu, 31 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169098