https://www.taxtmi.com/caselaws?id=188639 The Tribunal allowed the appeal, ruling that the unpaid service tax liability of Rs. 311,613/- should not be treated as income. It held that the unpaid service tax could not be included in current liabilities and was not subject to disallowance under section 43B. The decision was based on precedents indicating that service tax billed but not received did not constitute income and was not subject to disallowance. Consequently, the disallowance of the unpaid service tax liability was overturned in favor of the assessee. en-us Fri, 29 Apr 2011 00:00:00 +0530 Sat, 10 Dec 2016 10:58:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188639 The Tribunal allowed the appeal, ruling that the unpaid service tax liability of Rs. 311,613/- should not be treated as income. It held that the unpaid service tax could not be included in current liabilities and was not subject to disallowance under section 43B. The decision was based on precedents indicating that service tax billed but not received did not constitute income and was not subject to disallowance. Consequently, the disallowance of the unpaid service tax liability was overturned in favor of the assessee. Case-Laws Income Tax Fri, 29 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188639