https://www.taxtmi.com/caselaws?id=386825 The Tribunal held that Section 43B of the Income Tax Act did not apply to the delayed payment of service tax as the assessee did not claim any deduction for the service tax in the Profit & Loss Account. Therefore, the addition of Rs. 25,40,376/- was deleted. Regarding the disallowance of interest on late payment of service tax, since the interest was not claimed as a deduction, it could not be added to the total income under Section 43B. The appeal was partly allowed, with the addition under Section 43B deleted and the interest issue dismissed as infructuous. en-us Tue, 01 Oct 2019 00:00:00 +0530 Wed, 09 Oct 2019 07:59:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386825 The Tribunal held that Section 43B of the Income Tax Act did not apply to the delayed payment of service tax as the assessee did not claim any deduction for the service tax in the Profit & Loss Account. Therefore, the addition of Rs. 25,40,376/- was deleted. Regarding the disallowance of interest on late payment of service tax, since the interest was not claimed as a deduction, it could not be added to the total income under Section 43B. The appeal was partly allowed, with the addition under Section 43B deleted and the interest issue dismissed as infructuous. Case-Laws Income Tax Tue, 01 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386825