https://www.taxtmi.com/caselaws?id=31088 HC held that where a taxpayer following the mercantile system neither debited a sales-tax amount to the profit-and-loss account nor claimed any deduction, the assessing officer could not disallow or add back that amount to income under Section 43B. Because no expenditure was recorded or claimed, there was nothing properly disallowable; the AO's addition was set aside. en-us Mon, 10 Sep 2007 00:00:00 +0530 Sat, 13 Sep 2025 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31088 HC held that where a taxpayer following the mercantile system neither debited a sales-tax amount to the profit-and-loss account nor claimed any deduction, the assessing officer could not disallow or add back that amount to income under Section 43B. Because no expenditure was recorded or claimed, there was nothing properly disallowable; the AO's addition was set aside. Case-Laws Income Tax Mon, 10 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31088