https://www.taxtmi.com/caselaws?id=22452 The High Court declined to answer the question referred to it regarding the allowance of the provision for purchase tax liability as a deduction. It directed the Income-tax Appellate Tribunal to reconsider the matter, emphasizing the importance of establishing the method of accounting adopted by the assessee and considering all relevant factors before making a decision on the deduction. The Tribunal was instructed to assess the validity of the provision for purchase tax liability in light of the method of accounting and other pertinent details. en-us Wed, 27 Feb 1991 00:00:00 +0530 Thu, 10 Dec 2009 11:52:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22452 The High Court declined to answer the question referred to it regarding the allowance of the provision for purchase tax liability as a deduction. It directed the Income-tax Appellate Tribunal to reconsider the matter, emphasizing the importance of establishing the method of accounting adopted by the assessee and considering all relevant factors before making a decision on the deduction. The Tribunal was instructed to assess the validity of the provision for purchase tax liability in light of the method of accounting and other pertinent details. Case-Laws Income Tax Wed, 27 Feb 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22452