https://www.taxtmi.com/caselaws?id=311947 Unpaid service tax collected by an assessee can be disallowed under section 43B if it is not remitted to the Government by the due date, even where the amount was not debited to the profit and loss account and no deduction was claimed. The Tribunal treated section 43B as covering sums payable by way of tax, duty, cess or fee, and held that separate bookkeeping treatment does not prevent disallowance when the statutory payment obligation remains unmet. On that reasoning, the disallowance was upheld against the assessee. en-us Thu, 09 Nov 2023 00:00:00 +0530 Tue, 23 Jan 2024 20:11:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311947 Unpaid service tax collected by an assessee can be disallowed under section 43B if it is not remitted to the Government by the due date, even where the amount was not debited to the profit and loss account and no deduction was claimed. The Tribunal treated section 43B as covering sums payable by way of tax, duty, cess or fee, and held that separate bookkeeping treatment does not prevent disallowance when the statutory payment obligation remains unmet. On that reasoning, the disallowance was upheld against the assessee. Case-Laws Income Tax Thu, 09 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311947