https://www.taxtmi.com/caselaws?id=9439 In the case, for Assessment Year 1983-84, the Court upheld the Tribunal's decision allowing the deduction of luxury tax as a statutory liability, despite pending constitutional validity challenge, citing the liability accrued upon billing. For Assessment Year 1984-85, the Court ruled that timely payment of unpaid sales and municipal taxes could avoid section 43B application, disagreed with the Tribunal on rule 6D application, and upheld the denial of luxury tax deduction under section 43B. The judgments relied on legal precedents and factual assessments to determine tax liabilities and deductions. en-us Thu, 15 Sep 2005 00:00:00 +0530 Fri, 20 Jan 2012 13:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9439 In the case, for Assessment Year 1983-84, the Court upheld the Tribunal's decision allowing the deduction of luxury tax as a statutory liability, despite pending constitutional validity challenge, citing the liability accrued upon billing. For Assessment Year 1984-85, the Court ruled that timely payment of unpaid sales and municipal taxes could avoid section 43B application, disagreed with the Tribunal on rule 6D application, and upheld the denial of luxury tax deduction under section 43B. The judgments relied on legal precedents and factual assessments to determine tax liabilities and deductions. Case-Laws Income Tax Thu, 15 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9439