The Odisha High Court in 2009 delivered a decision where it was decided that, " goods imported from our of state of Odisha and not not manufactured within the state, the State is not authorised to levy ENTRY Tax on such goods. Upon Challange before The Hon,ble Supreme Court by the State , the S C has given decision in favour of the State. Thus a liability of Entry Tax is arised fronm 2009 to 2017. The assessee has deposited the entire liability of Entry Tax in the Fin. Year 2017-18.
So whether this liability will be debited in profit and loss account and claim loss in filling his return for the Asst. Year 2018-19 lor the payment will be deducted from Capital Account.
Authority cited on the issue is requested.
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