Bombay High Court Allows Assessee's Appeals and Petitions in Sales Tax Deferral Case — Remission of Liability Not Established Without Credit by Sales Tax Authorities. Payment of Present Value to SICOM Does Not Constitute Remission Under Section 41(1) of Income Tax Act, 1961 When Sales Tax Authorities Have Not Given Credit.
10 Jun 2010The assessee, M/s. SI Group India Ltd., had an industrial unit in Raigad district, a notified backward area. The Government of Maharashtra issued a pa...




