https://www.taxtmi.com/caselaws?id=16552 The High Court held that section 43B of the Income-tax Act was correctly interpreted by the Tribunal in a case concerning the disallowance of sales tax paid after the close of the accounting year. The Court found that the assessee had paid the tax within the prescribed time, making the section inapplicable, despite the liability arising in the previous accounting year. The decision was in favor of the assessee, affirming the Tribunal's ruling and rejecting the Revenue's appeal. en-us Tue, 03 Nov 1998 00:00:00 +0530 Tue, 08 Sep 2009 15:06:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16552 The High Court held that section 43B of the Income-tax Act was correctly interpreted by the Tribunal in a case concerning the disallowance of sales tax paid after the close of the accounting year. The Court found that the assessee had paid the tax within the prescribed time, making the section inapplicable, despite the liability arising in the previous accounting year. The decision was in favor of the assessee, affirming the Tribunal's ruling and rejecting the Revenue's appeal. Case-Laws Income Tax Tue, 03 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16552