https://www.taxtmi.com/highlights?id=54688 Disallowance u/s 43B - Deduction of Security Transaction Tax (STT) against the transaction of trading - Undisputedly, petitioner had not deposited the amount deducted as STT with the authorities, and it is not his case that the same stood paid back/returned to the person from whom it stood deducted. It is the admitted case of the petitioner that since the petitioner was adopting the mercantile system of accounting; he was not supposed to take any action - Additions confirmed - HC en-us Wed, 09 Sep 2020 11:17:13 +0530 Wed, 09 Sep 2020 11:17:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=54688 Disallowance u/s 43B - Deduction of Security Transaction Tax (STT) against the transaction of trading - Undisputedly, petitioner had not deposited the amount deducted as STT with the authorities, and it is not his case that the same stood paid back/returned to the person from whom it stood deducted. It is the admitted case of the petitioner that since the petitioner was adopting the mercantile system of accounting; he was not supposed to take any action - Additions confirmed - HC Highlights Income Tax Wed, 09 Sep 2020 11:17:13 +0530 https://www.taxtmi.com/highlights?id=54688