https://www.taxtmi.com/caselaws?id=12128 Deferred sales tax converted into a loan under a State incentive scheme was treated as actually paid for section 43B where the Government resolution operated from an earlier date and the CBDT circular covered such conversion. The later insertion of the second proviso to the State sales tax provision was treated as clarificatory, reinforcing the treatment already available under the resolution and circular. On that basis, deletion of the section 43B addition for unpaid deferred sales tax was upheld in favour of the assessee and against the Revenue. en-us Fri, 26 Jul 2002 00:00:00 +0530 Tue, 28 Jan 2014 18:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12128 Deferred sales tax converted into a loan under a State incentive scheme was treated as actually paid for section 43B where the Government resolution operated from an earlier date and the CBDT circular covered such conversion. The later insertion of the second proviso to the State sales tax provision was treated as clarificatory, reinforcing the treatment already available under the resolution and circular. On that basis, deletion of the section 43B addition for unpaid deferred sales tax was upheld in favour of the assessee and against the Revenue. Case-Laws Income Tax Fri, 26 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12128