https://www.taxtmi.com/caselaws?id=59818 Section 263 revision was justified only to the extent the assessment omitted examination of sales tax excess collection that had not been paid to the Government, because that amount was not deductible. For the balance sales tax liability, section 43B did not bar deduction where the liability under the West Bengal Sales Tax Act, 1941 became payable only after the accounting year and was discharged within the statutory time allowed for payment and return filing. The provision was treated as aimed at unpaid statutory dues claimed on a mercantile basis, not liabilities already satisfied within the prescribed legal period. en-us Mon, 20 Apr 1987 00:00:00 +0530 Sat, 01 Jan 2011 12:53:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59818 Section 263 revision was justified only to the extent the assessment omitted examination of sales tax excess collection that had not been paid to the Government, because that amount was not deductible. For the balance sales tax liability, section 43B did not bar deduction where the liability under the West Bengal Sales Tax Act, 1941 became payable only after the accounting year and was discharged within the statutory time allowed for payment and return filing. The provision was treated as aimed at unpaid statutory dues claimed on a mercantile basis, not liabilities already satisfied within the prescribed legal period. Case-Laws Income Tax Mon, 20 Apr 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59818