https://www.taxtmi.com/caselaws?id=18589 HC interpreted Explanation 2 to section 43B of the Income-tax Act, 1961, in the context of sales tax liability and its deductibility. The issue was whether sales tax collected but not yet paid to the Government by the end of the accounting year, but paid before the due date of filing the return, was allowable as a deduction. Relying on the majority view of other HCs, the Court held that such payment satisfies the condition under section 43B read with Explanation 2. Accordingly, the question was answered in the affirmative, in favour of the assessee and against the Revenue, upholding the assessee's claim to deduction. en-us Wed, 10 Jan 1996 00:00:00 +0530 Mon, 15 Dec 2025 15:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18589 HC interpreted Explanation 2 to section 43B of the Income-tax Act, 1961, in the context of sales tax liability and its deductibility. The issue was whether sales tax collected but not yet paid to the Government by the end of the accounting year, but paid before the due date of filing the return, was allowable as a deduction. Relying on the majority view of other HCs, the Court held that such payment satisfies the condition under section 43B read with Explanation 2. Accordingly, the question was answered in the affirmative, in favour of the assessee and against the Revenue, upholding the assessee's claim to deduction. Case-Laws Income Tax Wed, 10 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18589