https://www.taxtmi.com/caselaws?id=15733 The court ruled in favor of the assessee, affirming that the sales tax liability accrued during the accounting year was deductible on an accrual basis. The decision was supported by the Supreme Court ruling and the distinction made regarding the method of accounting followed by the assessee. The court answered the legal question in the affirmative, against the Revenue, and decided that the assessee was entitled to the deduction of the sales tax liability that had accrued during the relevant accounting year. en-us Thu, 23 Apr 1998 00:00:00 +0530 Thu, 27 Aug 2009 13:29:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15733 The court ruled in favor of the assessee, affirming that the sales tax liability accrued during the accounting year was deductible on an accrual basis. The decision was supported by the Supreme Court ruling and the distinction made regarding the method of accounting followed by the assessee. The court answered the legal question in the affirmative, against the Revenue, and decided that the assessee was entitled to the deduction of the sales tax liability that had accrued during the relevant accounting year. Case-Laws Income Tax Thu, 23 Apr 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15733