AO Unjustified in Disallowing Unpaid Sales Tax Recorded as Contingent Liability; No Impact on Profit & Loss Account.

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....Disallowance of unpaid sales Tax due in the previous years - shown as a contingent liability. - there is no impact in the Profit & Loss account since the assessee had not claimed any deduction on that score. - AO could not have made any disallowance on this issue - AT....