https://www.taxtmi.com/caselaws?id=427633 The Tribunal dismissed the Revenue's appeal concerning the disallowance of service tax liability under Section 43B of the Income Tax Act. It upheld the deletion of the addition by the Commissioner of Income Tax (Appeals) as the service tax component was not claimed as a deduction in the Profit & Loss Account, aligning with the principles established in previous cases. The Tribunal emphasized that Section 43B did not apply in this scenario where no deduction was claimed for the unpaid service tax liability, ultimately dismissing the Revenue's appeal. en-us Fri, 26 Aug 2022 00:00:00 +0530 Tue, 13 Sep 2022 10:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427633 The Tribunal dismissed the Revenue's appeal concerning the disallowance of service tax liability under Section 43B of the Income Tax Act. It upheld the deletion of the addition by the Commissioner of Income Tax (Appeals) as the service tax component was not claimed as a deduction in the Profit & Loss Account, aligning with the principles established in previous cases. The Tribunal emphasized that Section 43B did not apply in this scenario where no deduction was claimed for the unpaid service tax liability, ultimately dismissing the Revenue's appeal. Case-Laws Income Tax Fri, 26 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427633