https://www.taxtmi.com/caselaws?id=60223 The tribunal allowed the appeal filed by a partnership firm against the CIT's order under Section 263 of the Income Tax Act for the assessment year 1984-85. The tribunal held that the sales tax deduction should be allowed under Section 43B as the tax was paid within the permissible time frame allowed by the Sales Tax law, even though it was not paid within the previous year. The tribunal concluded that the CIT's order was based on an incorrect interpretation of Section 43B and lacked valid jurisdiction under Section 263, thereby canceling the CIT's order and upholding the original assessment order in favor of the assessee. en-us Thu, 24 Sep 1987 00:00:00 +0530 Tue, 04 Jan 2011 13:03:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60223 The tribunal allowed the appeal filed by a partnership firm against the CIT's order under Section 263 of the Income Tax Act for the assessment year 1984-85. The tribunal held that the sales tax deduction should be allowed under Section 43B as the tax was paid within the permissible time frame allowed by the Sales Tax law, even though it was not paid within the previous year. The tribunal concluded that the CIT's order was based on an incorrect interpretation of Section 43B and lacked valid jurisdiction under Section 263, thereby canceling the CIT's order and upholding the original assessment order in favor of the assessee. Case-Laws Income Tax Thu, 24 Sep 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60223