https://www.taxtmi.com/caselaws?id=25415 The High Court held that an assessee following the mercantile system of accounts can claim a deduction in the year when the sales tax liability was ultimately determined by the Sales Tax Tribunal in the second appeal. The court ruled in favor of the assessee, allowing the deduction of Rs. 2,22,161 towards sales tax liability for the assessment year 1971-72. No order as to costs was issued. en-us Wed, 13 May 1987 00:00:00 +0530 Thu, 28 Jan 2010 14:06:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25415 The High Court held that an assessee following the mercantile system of accounts can claim a deduction in the year when the sales tax liability was ultimately determined by the Sales Tax Tribunal in the second appeal. The court ruled in favor of the assessee, allowing the deduction of Rs. 2,22,161 towards sales tax liability for the assessment year 1971-72. No order as to costs was issued. Case-Laws Income Tax Wed, 13 May 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25415