Dear Experts,
We have done Sales Tax Assessement for the year 2005-06, the authorities assessed and issued a demand notice to pay extra tax. We have paid part amout and gone for appeal. In our books we have made a provision for the entire demand, and consequently debited the part amount paid by us for the appeal. Case 1 :- What will be the treatement for the provision and the amount paid while computing book profits. Case 2 :- if disallowed whether can be claimed in the year in which the appeal is settleled.
Praveeri.
CAclubindia
