https://www.taxtmi.com/caselaws?id=360060 Unpaid service tax was held disallowable under section 43B because it constituted a statutory tax liability remaining unpaid within the prescribed time. The assessee's separate accounting of service tax and contention that no corresponding amount was debited to the profit and loss account did not take the unpaid sum outside the provision. The Tribunal noted that the service tax obligation had arisen under the applicable tax regime and had to be reflected as a statutory due, and it found the cited precedents distinguishable on the facts because the legal position on service tax liability had changed. The disallowance was therefore upheld against the assessee. en-us Fri, 23 Mar 2018 00:00:00 +0530 Wed, 09 May 2018 08:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360060 Unpaid service tax was held disallowable under section 43B because it constituted a statutory tax liability remaining unpaid within the prescribed time. The assessee's separate accounting of service tax and contention that no corresponding amount was debited to the profit and loss account did not take the unpaid sum outside the provision. The Tribunal noted that the service tax obligation had arisen under the applicable tax regime and had to be reflected as a statutory due, and it found the cited precedents distinguishable on the facts because the legal position on service tax liability had changed. The disallowance was therefore upheld against the assessee. Case-Laws Income Tax Fri, 23 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360060