1992 (7) TMI 44

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.... the Income-tax Act, 1961, for the assessment year 1986-87, the following questions of law have been referred to this court : "(1) Whether, on the facts and in the circumstances of the case, and also on a proper interpretation of the provisions of section 43B of the Income-tax Act, 1961, the Tribunal was correct in law in holding that the first proviso to section 43B of the Income-tax Act, 1961....

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....g aggrieved by the aforesaid disallowance, the assessee filed an appeal before the Commissioner of Income-tax (Appeals) and submitted that the sales tax liability in question was for the last quarter of the accounting year, ending December 31, 1985 and it was paid within a month, i.e., on January 30, 1986, as per the provisions of the Sales Tax Act. The assessee, therefore, claimed that since the ....