https://www.taxtmi.com/caselaws?id=13411 The High Court held in favor of the assessee, affirming the retrospective and clarificatory nature of the first proviso to section 43B of the Income-tax Act, 1961. The Court upheld the Tribunal's decision to delete the disallowance related to sales tax collections based on the proviso's requirements. The Court's ruling aligned with legal precedent and statutory interpretation, leading to the deletion of the disallowance and rejecting the Revenue's appeal. en-us Fri, 12 Jan 2007 00:00:00 +0530 Thu, 28 May 2009 17:19:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13411 The High Court held in favor of the assessee, affirming the retrospective and clarificatory nature of the first proviso to section 43B of the Income-tax Act, 1961. The Court upheld the Tribunal's decision to delete the disallowance related to sales tax collections based on the proviso's requirements. The Court's ruling aligned with legal precedent and statutory interpretation, leading to the deletion of the disallowance and rejecting the Revenue's appeal. Case-Laws Income Tax Fri, 12 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13411