Assistant Commissioner of Income-tax Versus Spicer India Ltd. - Income Tax - ITAT PUNE - Tri - Premature sales tax payment - Held that - The assessee has availed the benefit of Sales tax Deferral benefit scheme - The assessee prepaid a part of the said liability at it s net present value (NPV) - The assessee opted for repayment of the sales tax liability before the commencement of the scheduled repayment period on the NPV - Following Sulzer India Ltd. 2010 (11) TMI 728 - ITAT, MUMBAI - The ben................................... Income Tax - Case Laws
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