https://www.taxtmi.com/caselaws?id=20849 The court interpreted section 43B of the Income-tax Act, 1961, regarding the deduction of sales tax paid within statutory due dates but not within the previous year. The Assessing Officer disallowed amounts of sales tax collected but remaining unpaid till the end of the previous year. The Commissioner of Income-tax (Appeals) allowed the claim, and the Tribunal upheld the decision but restored a portion of the disallowance due to unpaid balances. A Division Bench of the High Court ruled in favor of the assessee, and the court affirmed the decision in favor of the assessee without costs. en-us Mon, 16 Sep 1991 00:00:00 +0530 Tue, 17 Nov 2009 15:43:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20849 The court interpreted section 43B of the Income-tax Act, 1961, regarding the deduction of sales tax paid within statutory due dates but not within the previous year. The Assessing Officer disallowed amounts of sales tax collected but remaining unpaid till the end of the previous year. The Commissioner of Income-tax (Appeals) allowed the claim, and the Tribunal upheld the decision but restored a portion of the disallowance due to unpaid balances. A Division Bench of the High Court ruled in favor of the assessee, and the court affirmed the decision in favor of the assessee without costs. Case-Laws Income Tax Mon, 16 Sep 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20849