https://www.taxtmi.com/caselaws?id=70314 The Tribunal dismissed the Revenue's appeal, affirming that the Commissioner of Income-tax (Appeals) correctly deleted the addition under section 43B. The Tribunal clarified that service tax collected by the assessee is not an allowable deduction, and section 43B is inapplicable since no deduction was claimed. It distinguished service tax from other taxes, emphasizing that service tax liability arises only upon receipt of payment from the client. Consequently, the Tribunal upheld the decision of the Commissioner of Income-tax (Appeals) and confirmed that the addition under section 43B could not be made. en-us Mon, 31 Dec 2007 00:00:00 +0530 Thu, 25 Jan 2024 12:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70314 The Tribunal dismissed the Revenue's appeal, affirming that the Commissioner of Income-tax (Appeals) correctly deleted the addition under section 43B. The Tribunal clarified that service tax collected by the assessee is not an allowable deduction, and section 43B is inapplicable since no deduction was claimed. It distinguished service tax from other taxes, emphasizing that service tax liability arises only upon receipt of payment from the client. Consequently, the Tribunal upheld the decision of the Commissioner of Income-tax (Appeals) and confirmed that the addition under section 43B could not be made. Case-Laws Income Tax Mon, 31 Dec 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70314