https://www.taxtmi.com/caselaws?id=23400 No referable question of law arose from the Tribunal's deletion of the addition under section 43B for sales tax liabilities reflected in the balance sheet. The amount represented sales tax realisation for the last month of the previous year, became payable in the next month under the sales tax law, and was paid in November 1983. As the assessee had not claimed the amount as a deduction or debited it to the profit and loss account, no disallowance was warranted merely because it appeared on the liabilities side of the balance sheet. The section 256(2) reference application was therefore not maintainable. en-us Mon, 09 Apr 1990 00:00:00 +0530 Sat, 19 Dec 2009 10:20:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23400 No referable question of law arose from the Tribunal's deletion of the addition under section 43B for sales tax liabilities reflected in the balance sheet. The amount represented sales tax realisation for the last month of the previous year, became payable in the next month under the sales tax law, and was paid in November 1983. As the assessee had not claimed the amount as a deduction or debited it to the profit and loss account, no disallowance was warranted merely because it appeared on the liabilities side of the balance sheet. The section 256(2) reference application was therefore not maintainable. Case-Laws Income Tax Mon, 09 Apr 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23400