https://www.taxtmi.com/caselaws?id=21328 HC held that section 43B was inapplicable as the assessee had not claimed the disputed sales tax liabilities as a deduction nor debited them to the profit and loss account, but merely reflected them on the liabilities side of the balance sheet. Relying on precedent, the HC affirmed that, in such circumstances, no disallowance or "add back" under section 43B could arise, since there was no deduction to be tested against the payment condition prescribed by that provision. Consequently, the HC allowed the assessee's petition and quashed the addition made by the Assessing Officer. en-us Tue, 22 Sep 1992 00:00:00 +0530 Wed, 10 Dec 2025 22:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21328 HC held that section 43B was inapplicable as the assessee had not claimed the disputed sales tax liabilities as a deduction nor debited them to the profit and loss account, but merely reflected them on the liabilities side of the balance sheet. Relying on precedent, the HC affirmed that, in such circumstances, no disallowance or "add back" under section 43B could arise, since there was no deduction to be tested against the payment condition prescribed by that provision. Consequently, the HC allowed the assessee's petition and quashed the addition made by the Assessing Officer. Case-Laws Income Tax Tue, 22 Sep 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21328