1996 (3) TMI 114 - HC - Income Tax

Summary

The High Court of Allahabad was asked whether a sum of Rs. 18,022 was deductible in computing the business income of an assessee. The assessee claimed deduction for sales tax liability, but the court ruled against it as there were no genuine sales, making the claim irrelevant. The court ruled in favor of the Department and against the assessee.