https://www.taxtmi.com/caselaws?id=182153 The High Court ruled in favor of the assessee regarding the interpretation of the sales tax deferred loan incentive scheme, deeming the sales tax amount deferred as paid and not taxable. As a result, the question of reopening assessments and the application of section 43B of the Act on sales tax amounts became academic. The Court directed the assessing authority to reconsider the matter afresh, excluding the points already decided in the judgment, providing detailed analysis and guidance for further assessment. en-us Fri, 23 Jan 2015 00:00:00 +0530 Wed, 04 May 2016 09:12:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182153 The High Court ruled in favor of the assessee regarding the interpretation of the sales tax deferred loan incentive scheme, deeming the sales tax amount deferred as paid and not taxable. As a result, the question of reopening assessments and the application of section 43B of the Act on sales tax amounts became academic. The Court directed the assessing authority to reconsider the matter afresh, excluding the points already decided in the judgment, providing detailed analysis and guidance for further assessment. Case-Laws Income Tax Fri, 23 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182153