1978 (11) TMI 88

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....s-tax. 2. The assessee is a registered firm. For the asst. yr. 1976-77, corresponding to the previous year ended 31st March, 76, the assessee filed a return along with a profit and loss account showing net profit of Rs. 62,164. The ITO found that the assessee paid a sum of Rs. 7,769 as interest to the sales-tax Department for delay in making payment of the admitted tax in time. The assessee claim....

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....e interest payment was also part of sales-tax and was rightly allowed by the AAC. Reliance was placed on the decision of the Allahabad High Court in the case of Kamlapat Motialal(2). 4. On a careful consideration of the rival submissions, we are of the opinion that there are no merits in this appeal. The admitted facts are that the assessee not having paid the sales-tax in time, interest was levi....