https://www.taxtmi.com/caselaws?id=38294 The High Court ruled in favor of the department and against the assessee regarding the deduction claim for the assessment year 1963-64. The court held that the deduction for sales tax dues was not permissible for that year as the quantification of the sales tax liability had occurred in a previous financial year. The judgment emphasized the importance of aligning the quantification of liabilities with the relevant financial years for accurate deduction claims in income tax proceedings. No costs were awarded in this case. en-us Tue, 20 Dec 1977 00:00:00 +0530 Mon, 05 Apr 2010 13:25:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38294 The High Court ruled in favor of the department and against the assessee regarding the deduction claim for the assessment year 1963-64. The court held that the deduction for sales tax dues was not permissible for that year as the quantification of the sales tax liability had occurred in a previous financial year. The judgment emphasized the importance of aligning the quantification of liabilities with the relevant financial years for accurate deduction claims in income tax proceedings. No costs were awarded in this case. Case-Laws Income Tax Tue, 20 Dec 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38294