https://www.taxtmi.com/caselaws?id=755432 ITAT Raipur upheld CIT(A)'s decision confirming VAT disallowance under section 43B for non-payment before prescribed filing date. The tribunal distinguished the case from Ganapati Motors HC precedent, noting that unlike that case, CIT(A) here specifically rejected the assessee's exclusive accounting method and found infirmities in the accounting system. The tribunal found no error in CIT(A)'s approach, following Knight Frank precedent. However, ITAT approved CIT(A)'s partial deletion of disallowance relating to opening balance amounts from earlier years, as expenditure from different assessment years cannot be disallowed in the relevant year. Revenue's appeal dismissed. en-us Tue, 09 Jul 2024 00:00:00 +0530 Fri, 12 Jul 2024 08:37:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755432 ITAT Raipur upheld CIT(A)'s decision confirming VAT disallowance under section 43B for non-payment before prescribed filing date. The tribunal distinguished the case from Ganapati Motors HC precedent, noting that unlike that case, CIT(A) here specifically rejected the assessee's exclusive accounting method and found infirmities in the accounting system. The tribunal found no error in CIT(A)'s approach, following Knight Frank precedent. However, ITAT approved CIT(A)'s partial deletion of disallowance relating to opening balance amounts from earlier years, as expenditure from different assessment years cannot be disallowed in the relevant year. Revenue's appeal dismissed. Case-Laws Income Tax Tue, 09 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755432