Dismissing the appeal of the revenue the Court held that the assessee was entitled to deduction of entry tax paid. Followed CIT v. TVS Motors Ltd ( 2014) 364 ITR 1 (Mad.) (HC) (AY. 2004-05)
CIT v. TVS Motors Ltd. (2019) 417 ITR 236 (Mad.)(HC)
S. 43B : Deductions on actual payment- Entry tax is held to be allowable as deduction.