https://www.taxtmi.com/caselaws?id=305621 The Tribunal directed the Assessing Officer to allow the claimed interest amount disallowed under section 14A, as the interest, though not received in the relevant year, was offered for tax in a subsequent year. Regarding the disallowance of service tax under section 43B, the Tribunal restricted the disallowance to the amount wrongly claimed in the Profit & Loss A/c, holding that service tax collected but not credited to the account cannot be disallowed. The appeal by the assessee was allowed in both issues. en-us Fri, 28 Sep 2012 00:00:00 +0530 Thu, 15 Dec 2022 12:26:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305621 The Tribunal directed the Assessing Officer to allow the claimed interest amount disallowed under section 14A, as the interest, though not received in the relevant year, was offered for tax in a subsequent year. Regarding the disallowance of service tax under section 43B, the Tribunal restricted the disallowance to the amount wrongly claimed in the Profit & Loss A/c, holding that service tax collected but not credited to the account cannot be disallowed. The appeal by the assessee was allowed in both issues. Case-Laws Income Tax Fri, 28 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305621