https://www.taxtmi.com/caselaws?id=5820 A question of law arose on whether unpaid sales tax under a deferred payment scheme was allowable and how section 43B of the Income-tax Act, 1961 operated. The circular relied on applied only where the relevant State sales tax law had been amended so that deferred sales tax under an incentive scheme was treated as actually paid for section 43B purposes. Because it had not been examined whether the Gujarat Sales Tax Act, 1969 contained such an amendment, the Tribunal should have been required to refer the question. The refusal to call for a reference was unsustainable, and the issue had to be placed before the High Court for consideration. en-us Wed, 17 Mar 1999 00:00:00 +0530 Wed, 29 Aug 2018 10:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5820 A question of law arose on whether unpaid sales tax under a deferred payment scheme was allowable and how section 43B of the Income-tax Act, 1961 operated. The circular relied on applied only where the relevant State sales tax law had been amended so that deferred sales tax under an incentive scheme was treated as actually paid for section 43B purposes. Because it had not been examined whether the Gujarat Sales Tax Act, 1969 contained such an amendment, the Tribunal should have been required to refer the question. The refusal to call for a reference was unsustainable, and the issue had to be placed before the High Court for consideration. Case-Laws Income Tax Wed, 17 Mar 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5820