Offsetting sales tax liability against purchase input to be deemed as actual payment eligible for sec. 43B relief : HC

INCOME TAX : Where assessee set-off/adjusted sales tax liability that arose at time of purchase of raw materials against sales tax collected at time of sale of finished goods, such amount of sales tax liability set off/adjusted, by legal fiction, was deemed to be an actual payment of tax liability and was deductible under section 43B

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