https://www.taxtmi.com/caselaws?id=38726 The High Court held in favor of the assessee, allowing the deduction for sales tax paid. The court found that as the firm had taken over the sales tax liability from the Hindu undivided family and paid the amount in the relevant financial year, the deduction was permissible. The judgment clarified that deductions for sales tax are admissible when following the mercantile system of accounting and when the liability is quantified and paid in the same financial year. en-us Wed, 07 Jul 1976 00:00:00 +0530 Thu, 08 Apr 2010 15:48:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38726 The High Court held in favor of the assessee, allowing the deduction for sales tax paid. The court found that as the firm had taken over the sales tax liability from the Hindu undivided family and paid the amount in the relevant financial year, the deduction was permissible. The judgment clarified that deductions for sales tax are admissible when following the mercantile system of accounting and when the liability is quantified and paid in the same financial year. Case-Laws Income Tax Wed, 07 Jul 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38726