https://www.taxtmi.com/caselaws?id=269044 The Appellate Tribunal dismissed the revenue's appeal and allowed the cross objections raised by the assessee, affirming the decisions of the CIT(A) on both issues. The judgment emphasized the significance of accurate accounting treatment and timely payments in deciding the applicability of section 43B disallowances. The CIT(A) found that the late payment of Service Tax liability was not deductible from the profit and loss account, rendering it ineligible for disallowance under section 43B. Additionally, the late payment of Employees' Contribution to PF was allowed as it was made before the due date of filing the income tax return. en-us Fri, 04 Sep 2015 00:00:00 +0530 Mon, 07 Dec 2015 10:19:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269044 The Appellate Tribunal dismissed the revenue's appeal and allowed the cross objections raised by the assessee, affirming the decisions of the CIT(A) on both issues. The judgment emphasized the significance of accurate accounting treatment and timely payments in deciding the applicability of section 43B disallowances. The CIT(A) found that the late payment of Service Tax liability was not deductible from the profit and loss account, rendering it ineligible for disallowance under section 43B. Additionally, the late payment of Employees' Contribution to PF was allowed as it was made before the due date of filing the income tax return. Case-Laws Income Tax Fri, 04 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269044