https://www.taxtmi.com/caselaws?id=14122 Sales tax liability was deductible in the assessment year when the assessment order was passed and the liability crystallised, even though an earlier court order existed. Because the assessee maintained mercantile accounts and the liability was reflected in the books and profit and loss account for that year, the statutory liability accrued on the binding assessment and became allowable as a deduction. The deduction was therefore upheld for the relevant year in favour of the assessee and against the Revenue. en-us Thu, 18 Jan 2001 00:00:00 +0530 Mon, 13 Jul 2009 17:30:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14122 Sales tax liability was deductible in the assessment year when the assessment order was passed and the liability crystallised, even though an earlier court order existed. Because the assessee maintained mercantile accounts and the liability was reflected in the books and profit and loss account for that year, the statutory liability accrued on the binding assessment and became allowable as a deduction. The deduction was therefore upheld for the relevant year in favour of the assessee and against the Revenue. Case-Laws Income Tax Thu, 18 Jan 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14122