https://www.taxtmi.com/caselaws?id=21118 The first proviso to section 43B of the Income-tax Act applied to assessment year 1986-87, and a sales tax liability paid within the time allowed under the relevant sales tax law could not be disallowed merely because payment was not made within the accounting year. The Calcutta HC followed its earlier settled interpretation of section 43B and upheld the Tribunal's deletion of the disallowance, answering the reference in favour of the assessee. en-us Mon, 20 Jul 1992 00:00:00 +0530 Fri, 20 Nov 2009 11:41:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21118 The first proviso to section 43B of the Income-tax Act applied to assessment year 1986-87, and a sales tax liability paid within the time allowed under the relevant sales tax law could not be disallowed merely because payment was not made within the accounting year. The Calcutta HC followed its earlier settled interpretation of section 43B and upheld the Tribunal's deletion of the disallowance, answering the reference in favour of the assessee. Case-Laws Income Tax Mon, 20 Jul 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21118