https://www.taxtmi.com/caselaws?id=11957 Deferred sales tax liability under the Gujarat sales tax deferment scheme was treated as covered by the State Government resolution made operative from 1 April 1983, which converted the tax dues into a loan repayable by instalments and brought them within the Board's circular for section 43B purposes. The subsequent insertion of the second proviso to section 47(4) of the Gujarat Sales Tax Act was regarded as clarificatory, so the liability for the relevant assessment year fell within the scheme's benefit. As a result, the deferred sales tax was not disallowable under section 43B and the corresponding addition was deleted. en-us Fri, 26 Jul 2002 00:00:00 +0530 Sat, 13 Feb 2010 12:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11957 Deferred sales tax liability under the Gujarat sales tax deferment scheme was treated as covered by the State Government resolution made operative from 1 April 1983, which converted the tax dues into a loan repayable by instalments and brought them within the Board's circular for section 43B purposes. The subsequent insertion of the second proviso to section 47(4) of the Gujarat Sales Tax Act was regarded as clarificatory, so the liability for the relevant assessment year fell within the scheme's benefit. As a result, the deferred sales tax was not disallowable under section 43B and the corresponding addition was deleted. Case-Laws Income Tax Fri, 26 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11957