2013 (8) TMI 1095

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.... JUDGMENT 1. The finding of the Tribunal, in this appeal, which pertains to the assessment year 2003-04, is that the sales tax liability was converted into a loan on March 24, 2003, a date which falls within the relevant assessment year. In view of the aforesaid position, we do not think the assessee can be denied the benefit and the expenditure/deduction is to be allowed under section 43B of....