1999 (3) TMI 17 - SC - Income Tax

Question that Whether the Tribunal is right in law and on facts in directing the AO to allow the claim of the assessee in respect of unpaid sales-tax if the same was covered by the specific scheme of the Gujarat Government whereby the deferred payment scheme was converted into interest-free loan particularly when the provisions of s. 43B are retrospective in operation is a question of law - question quoted above shall be referred by the Tribunal to the HC

Summary

The Supreme Court allowed the appeal and set aside the order of the High Court, directing the Tribunal to refer a question regarding the claim of unpaid sales tax under a specific scheme of the Gujarat Government to the High Court for consideration.