https://www.taxtmi.com/caselaws?id=10334 The court ruled in favor of the assessee, affirming the Tribunal's decision to delete additions on unpaid sales tax liability and unpaid royalty. It found that section 43B of the Income-tax Act, 1961 was not applicable to the outstanding sales tax liability and royalty payments for the relevant assessment year. The court emphasized that royalty payments are distinct from taxes and noted that both liabilities were paid before the due date of the return in the subsequent accounting year. The judgment provides a detailed analysis of the specific liabilities, ultimately supporting the assessee's position. en-us Tue, 16 Oct 2001 00:00:00 +0530 Mon, 13 Jul 2009 18:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10334 The court ruled in favor of the assessee, affirming the Tribunal's decision to delete additions on unpaid sales tax liability and unpaid royalty. It found that section 43B of the Income-tax Act, 1961 was not applicable to the outstanding sales tax liability and royalty payments for the relevant assessment year. The court emphasized that royalty payments are distinct from taxes and noted that both liabilities were paid before the due date of the return in the subsequent accounting year. The judgment provides a detailed analysis of the specific liabilities, ultimately supporting the assessee's position. Case-Laws Income Tax Tue, 16 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10334