2015 (1) TMI 1276

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....t : S. R. Anuradha JUDGMENT N. Kumar, J. 1. Smt. S. R. Anuradha, learned counsel takes notice to the respondent. 2. The Revenue has preferred this appeal against the order passed by the Tribunal, which held that the amount representing sales tax deferred under the sales tax deferred loan incentive scheme is to be deemed as paid and, therefore, not taxable. 3. The following substanti....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....id during the current assessment year will not be hit by section 43B of the Act in view of the Board circular and the Bombay Sales tax Act ?" 4. Dealing with the liability of the sales tax, this court had an occasion to consider the said question of law in the assessee's case itself in Income Tax Appeal No. 899 of 2008 decided on September 2, 2014 (CIT v. McDowell and Co. Ltd. [2014] 369 IT....