https://www.taxtmi.com/caselaws?id=22691 HC held that the proviso to section 43B, inserted by the Finance Act, 1987 with effect from 1-4-1988, operates retrospectively and applies to assessment year 1984-85. Interpreting section 43B literally to require tax, provident fund and similar liabilities to be paid within the same financial year would demand an impossibility and render the provision unconstitutional; such result is avoided by giving effect to the later proviso. Explanation 2 to section 43B does not override the proviso. The assessee-firm is entitled to deduction of sales tax (including additional and Central sales tax) and provident fund/family pension contributions if actually paid before the respective statutory due dates, subject to verification from its accounts. en-us Tue, 06 Nov 1990 00:00:00 +0530 Fri, 05 Dec 2025 14:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22691 HC held that the proviso to section 43B, inserted by the Finance Act, 1987 with effect from 1-4-1988, operates retrospectively and applies to assessment year 1984-85. Interpreting section 43B literally to require tax, provident fund and similar liabilities to be paid within the same financial year would demand an impossibility and render the provision unconstitutional; such result is avoided by giving effect to the later proviso. Explanation 2 to section 43B does not override the proviso. The assessee-firm is entitled to deduction of sales tax (including additional and Central sales tax) and provident fund/family pension contributions if actually paid before the respective statutory due dates, subject to verification from its accounts. Case-Laws Income Tax Tue, 06 Nov 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22691