1991 (3) TMI 54 - HC - Income Tax

Summary

The High Court of Allahabad directed the Tribunal to consider whether sales tax paid in a subsequent year can be deducted in computing taxable income for the assessment year 1984-85, in light of Explanation 2 to section 43B of the Income-tax Act, 1961. Reference ordered, no costs. [Case citation: 1991 (3) TMI 54 - ALLAHABAD High Court]