https://www.taxtmi.com/caselaws?id=406677 Entry tax actually paid was treated as allowable as a deduction under the Income-tax Act, and the separate treatment of that levy under sales tax law did not justify disallowance in income-tax assessment. The Madras High Court followed an earlier Division Bench decision binding on the Revenue and held that the assessee's deduction could not be denied merely because the tax was adjusted differently under sales tax law. The disallowance of entry tax debited to the profit and loss account was therefore not sustainable, and the Revenue's challenge failed. en-us Thu, 15 Apr 2021 00:00:00 +0530 Tue, 20 Apr 2021 12:55:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406677 Entry tax actually paid was treated as allowable as a deduction under the Income-tax Act, and the separate treatment of that levy under sales tax law did not justify disallowance in income-tax assessment. The Madras High Court followed an earlier Division Bench decision binding on the Revenue and held that the assessee's deduction could not be denied merely because the tax was adjusted differently under sales tax law. The disallowance of entry tax debited to the profit and loss account was therefore not sustainable, and the Revenue's challenge failed. Case-Laws Income Tax Thu, 15 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406677