https://www.taxtmi.com/caselaws?id=200023 Sales-tax collected by a dealer was treated as a trading receipt, and section 43B disallowance was sustained, with the proviso inserted from 1-4-1988 applied prospectively and relief available only on actual payment. Employer's contribution to provident fund and ESI was not disallowable under section 43B because it fell within clause (b), the retrospective Explanation 2 was confined to clause (a), and the amount was paid within the permissible time, so the disallowance was deleted. The partial disallowance of presentation article was upheld where business purpose was not satisfactorily proved. en-us Fri, 31 Jan 1992 00:00:00 +0530 Sat, 17 Mar 2018 15:42:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200023 Sales-tax collected by a dealer was treated as a trading receipt, and section 43B disallowance was sustained, with the proviso inserted from 1-4-1988 applied prospectively and relief available only on actual payment. Employer's contribution to provident fund and ESI was not disallowable under section 43B because it fell within clause (b), the retrospective Explanation 2 was confined to clause (a), and the amount was paid within the permissible time, so the disallowance was deleted. The partial disallowance of presentation article was upheld where business purpose was not satisfactorily proved. Case-Laws VAT and Sales Tax Fri, 31 Jan 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200023