https://www.taxtmi.com/caselaws?id=183283 The High Court interpreted section 43B of the Income-tax Act, 1961, ruling in favor of the assessee. The court held that if tax collected in the last month of the accounting year is paid within the stipulated period in the next assessment year, it is allowable. The Court upheld the decision of the Commissioner of Income-tax to delete the disallowance of sales tax amount not paid during the assessment year, as the tax payments were made within the statutory period in the subsequent accounting year. en-us Mon, 14 Feb 2005 00:00:00 +0530 Fri, 03 Jun 2016 15:16:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183283 The High Court interpreted section 43B of the Income-tax Act, 1961, ruling in favor of the assessee. The court held that if tax collected in the last month of the accounting year is paid within the stipulated period in the next assessment year, it is allowable. The Court upheld the decision of the Commissioner of Income-tax to delete the disallowance of sales tax amount not paid during the assessment year, as the tax payments were made within the statutory period in the subsequent accounting year. Case-Laws Income Tax Mon, 14 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183283