https://www.taxtmi.com/caselaws?id=248278 The Mumbai Appellate Tribunal upheld the Commissioner's order allowing deductions for service-tax and sales-tax paid in previous years under section 43B of the Income Tax Act, 1961 for the assessment year 2009-10. The Tribunal clarified that payments made in preceding years can only be deducted in the year of actual payment, emphasizing that the liability must arise during the relevant previous year. As the payments were confirmed to have been made in the current assessment year, the Tribunal dismissed the Revenue's appeal, highlighting the importance of adhering to the specific provisions of the Income Tax Act for deductions. en-us Mon, 19 May 2014 00:00:00 +0530 Sat, 07 Jun 2014 11:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248278 The Mumbai Appellate Tribunal upheld the Commissioner's order allowing deductions for service-tax and sales-tax paid in previous years under section 43B of the Income Tax Act, 1961 for the assessment year 2009-10. The Tribunal clarified that payments made in preceding years can only be deducted in the year of actual payment, emphasizing that the liability must arise during the relevant previous year. As the payments were confirmed to have been made in the current assessment year, the Tribunal dismissed the Revenue's appeal, highlighting the importance of adhering to the specific provisions of the Income Tax Act for deductions. Case-Laws Income Tax Mon, 19 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248278