https://www.taxtmi.com/caselaws?id=186479 Deferred sales tax under a State scheme is deductible under section 43B where the statutory amendment deems the liability to have been paid, and the assessee satisfies the scheme conditions with supporting entitlement and deferment certificates; the disallowance was deleted. Prior period expenses are allowable in the year of crystallisation under the mercantile system when the liability is determined and accounted for during that year, even if the underlying bills relate to an earlier period; the addition was also deleted. en-us Fri, 07 Aug 2009 00:00:00 +0530 Tue, 20 Sep 2016 10:36:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186479 Deferred sales tax under a State scheme is deductible under section 43B where the statutory amendment deems the liability to have been paid, and the assessee satisfies the scheme conditions with supporting entitlement and deferment certificates; the disallowance was deleted. Prior period expenses are allowable in the year of crystallisation under the mercantile system when the liability is determined and accounted for during that year, even if the underlying bills relate to an earlier period; the addition was also deleted. Case-Laws Income Tax Fri, 07 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186479