- (1.) BY THE COURT : On an application filed under S. 256(1) of the IT Act, 1961, Tribunal has referred the following question for our opinion : "Whether, on the facts and in the circumstances of the case, the Tribunal was legally justified in taking the view that no disallowance under S. 43B should be made in respect of sales-tax amount which has been paid within the time allowed under the relevant sales-tax law, although after the close of the previous year of the assessee relevant to asst. yrs. 1986-87 and 1987-88 ?"
(2.) NONE appeared for the assessee. Heard learned counsel for the Revenue. Learned counsel for the Revenue fairly admits that now the issue is concluded by their Lordships of Hon'ble Supreme Court in the case of Allied Motors (P) Ltd. vs. CIT (1997) 139 CTR (SC) 364 : (1997) 224 ITR 677 (SC), wherein their Lordships have held that if the sales-tax is not paid by the end of the accounting year, but paid within the period allowed in the ST Act, that should be allowed as deduction in the relevant accounting year. Following the view taken by their Lordships, we find no infirmity in the view taken by the Tribunal. In the result, we answer the question in affirmative i.e., in favour of the assessee and against the Revenue. Reference so made stands disposed of accordingly.;