https://www.taxtmi.com/caselaws?id=264196 The Supreme Court allowed all appeals, setting aside the High Court's order and reinstating the decision in favor of the appellant-assessee regarding the entitlement to the deduction of sales tax on the excise duty component for the relevant assessment years 1982-83, 1984-85, and 1985-86. The Court held that the appellant-assessee followed a mercantile system of accounting, reflected the deduction in the return, and that the manufacturer-seller was liable for sales tax on the excise duty component, as confirmed by a previous Supreme Court decision. en-us Thu, 29 Jan 2015 00:00:00 +0530 Sat, 19 Sep 2015 09:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264196 The Supreme Court allowed all appeals, setting aside the High Court's order and reinstating the decision in favor of the appellant-assessee regarding the entitlement to the deduction of sales tax on the excise duty component for the relevant assessment years 1982-83, 1984-85, and 1985-86. The Court held that the appellant-assessee followed a mercantile system of accounting, reflected the deduction in the return, and that the manufacturer-seller was liable for sales tax on the excise duty component, as confirmed by a previous Supreme Court decision. Case-Laws Income Tax Thu, 29 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264196