https://www.taxtmi.com/caselaws?id=18021 The High Court of Kerala considered the deduction of sales tax liability under section 43B of the Income-tax Act, 1961. The court highlighted the requirement for actual payment for deduction, irrespective of the accounting method used. It directed a fresh assessment by the Tribunal, emphasizing the need for a comprehensive review of facts and legal provisions. The court refrained from addressing the retrospective application of the first proviso to section 43B, setting aside the Tribunal's decision and stressing the significance of considering amendments and procedural provisions in determining sales tax liability deductions. en-us Mon, 08 Apr 1996 00:00:00 +0530 Sat, 26 Sep 2009 12:34:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18021 The High Court of Kerala considered the deduction of sales tax liability under section 43B of the Income-tax Act, 1961. The court highlighted the requirement for actual payment for deduction, irrespective of the accounting method used. It directed a fresh assessment by the Tribunal, emphasizing the need for a comprehensive review of facts and legal provisions. The court refrained from addressing the retrospective application of the first proviso to section 43B, setting aside the Tribunal's decision and stressing the significance of considering amendments and procedural provisions in determining sales tax liability deductions. Case-Laws Income Tax Mon, 08 Apr 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18021