https://www.taxtmi.com/caselaws?id=284350 The ITAT dismissed the revenue's appeal and upheld the decision of the ld CIT(A) to delete the addition of service tax liability under section 43B of the Income Tax Act, 1961. The ITAT found that since the collected service tax was not reflected in the profit and loss account and a separate account was maintained, disallowance under section 43B was not warranted. The decision was based on established legal principles and circulars issued by the CBDT, affirming the precedent favoring the assessee. en-us Fri, 12 Feb 2016 00:00:00 +0530 Thu, 14 Nov 2019 10:33:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284350 The ITAT dismissed the revenue's appeal and upheld the decision of the ld CIT(A) to delete the addition of service tax liability under section 43B of the Income Tax Act, 1961. The ITAT found that since the collected service tax was not reflected in the profit and loss account and a separate account was maintained, disallowance under section 43B was not warranted. The decision was based on established legal principles and circulars issued by the CBDT, affirming the precedent favoring the assessee. Case-Laws Income Tax Fri, 12 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284350