2001 (2) TMI 36 - HC - Income Tax

Summary

The High Court of Gauhati dismissed the appeal filed by the Commissioner of Income-tax based on the precedent set in CIT v. Bharat Bamboo and Timber Suppliers. If sales tax is paid before the due date for filing the return of income, the assessee is entitled to relief under Explanation 2 to section 43B of the Income-tax Act, 1961. Contributions towards provident fund were paid before filing the return, leading to the appeal being dismissed. No substantial question of law was involved.