https://www.taxtmi.com/caselaws?id=12222 Section 43B did not permit disallowance of sales tax liability that was collected in the last quarter of the previous year but paid in the next accounting year before the due date for furnishing the return. Applying the Supreme Court's interpretation of the provision, as modified by the first proviso and retrospective Explanation 2, an amount actually paid within the return-filing due date could not be denied deduction merely because the statutory sales tax payment date fell later. The addition was therefore deleted in favour of the assessee. en-us Thu, 20 Jun 2002 00:00:00 +0530 Sat, 20 Feb 2010 11:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12222 Section 43B did not permit disallowance of sales tax liability that was collected in the last quarter of the previous year but paid in the next accounting year before the due date for furnishing the return. Applying the Supreme Court's interpretation of the provision, as modified by the first proviso and retrospective Explanation 2, an amount actually paid within the return-filing due date could not be denied deduction merely because the statutory sales tax payment date fell later. The addition was therefore deleted in favour of the assessee. Case-Laws Income Tax Thu, 20 Jun 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12222