https://www.taxtmi.com/caselaws?id=310924 ITAT Raipur held that additions under Section 43B for unpaid VAT and GST liabilities cannot be made when the assessee has not claimed these amounts as deductions in the profit and loss account. Following the Chhattisgarh HC precedent in Ganapati Motors case, the tribunal ruled that where the assessee follows exclusive method of accounting and does not charge VAT/GST to P&L account, no addition is warranted under Section 43B despite the liability remaining unpaid. The CIT(Appeals) order was set aside and additions made by AO were vacated. en-us Mon, 27 Mar 2023 00:00:00 +0530 Sat, 25 Nov 2023 14:00:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310924 ITAT Raipur held that additions under Section 43B for unpaid VAT and GST liabilities cannot be made when the assessee has not claimed these amounts as deductions in the profit and loss account. Following the Chhattisgarh HC precedent in Ganapati Motors case, the tribunal ruled that where the assessee follows exclusive method of accounting and does not charge VAT/GST to P&L account, no addition is warranted under Section 43B despite the liability remaining unpaid. The CIT(Appeals) order was set aside and additions made by AO were vacated. Case-Laws Income Tax Mon, 27 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310924