https://www.taxtmi.com/highlights?id=62880 Disallowance of sales tax liability - Prior-period item - the year under appeal is AY 2013-14. The alleged amount pertains to AY 2005-06 and AY 2010-11 and such liability did not exist at that point of time and, therefore, there was no possibility to make the payment during the relevant assessment year or before the due date of filing of return of income for such assessment year. - provisions of Section 43B of the Act are squarely applicable on the alleged sum and the assessee as rightly claimed it as deduction against income for AY 2013-14. - AT en-us Tue, 12 Apr 2022 10:43:42 +0530 Tue, 12 Apr 2022 10:43:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=62880 Disallowance of sales tax liability - Prior-period item - the year under appeal is AY 2013-14. The alleged amount pertains to AY 2005-06 and AY 2010-11 and such liability did not exist at that point of time and, therefore, there was no possibility to make the payment during the relevant assessment year or before the due date of filing of return of income for such assessment year. - provisions of Section 43B of the Act are squarely applicable on the alleged sum and the assessee as rightly claimed it as deduction against income for AY 2013-14. - AT Highlights Income Tax Tue, 12 Apr 2022 10:43:42 +0530 https://www.taxtmi.com/highlights?id=62880