https://www.taxtmi.com/caselaws?id=11634 The High Court held that the sales tax incentive under the Sales Tax Deferment Scheme for Industries, 1987 should be treated as not paid within the stipulated period, as the sales tax collected was not remitted to the State Government. The Court emphasized the importance of aligning statutory provisions with scheme requirements and compliance with Circulars issued by the Central Board of Direct Taxes. Consequently, the High Court set aside the Tribunal's decision and reinstated the Assessing Officer's addition under section 43B of the Income Tax Act. en-us Mon, 10 Mar 2003 00:00:00 +0530 Wed, 19 Feb 2014 17:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11634 The High Court held that the sales tax incentive under the Sales Tax Deferment Scheme for Industries, 1987 should be treated as not paid within the stipulated period, as the sales tax collected was not remitted to the State Government. The Court emphasized the importance of aligning statutory provisions with scheme requirements and compliance with Circulars issued by the Central Board of Direct Taxes. Consequently, the High Court set aside the Tribunal's decision and reinstated the Assessing Officer's addition under section 43B of the Income Tax Act. Case-Laws Income Tax Mon, 10 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11634