https://www.taxtmi.com/caselaws?id=30806 The High Court of Himachal Pradesh ruled in favor of the assessee, allowing the deduction of the enhanced sales tax liability in the assessment year 1983-84. The judgment emphasized that the liability to pay tax properly arises when disputes are settled or finally adjudicated, even under the mercantile system of accounting. The court's decision was supported by legal precedents and a comprehensive analysis of the factual and legal aspects surrounding the case. en-us Mon, 29 Oct 2007 00:00:00 +0530 Wed, 24 Sep 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30806 The High Court of Himachal Pradesh ruled in favor of the assessee, allowing the deduction of the enhanced sales tax liability in the assessment year 1983-84. The judgment emphasized that the liability to pay tax properly arises when disputes are settled or finally adjudicated, even under the mercantile system of accounting. The court's decision was supported by legal precedents and a comprehensive analysis of the factual and legal aspects surrounding the case. Case-Laws Income Tax Mon, 29 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30806