https://www.taxtmi.com/caselaws?id=457463 Service tax payments were deductible only on actual payment basis under Section 43B of the Income-tax Act, not on accrual of liability. Because the liability was genuine and the amounts had been deposited with the Government, the Tribunal correctly allowed the deduction in the year of actual payment, or consequentially in the appropriate earlier year. No error was found in that approach. en-us Mon, 14 Feb 2022 00:00:00 +0530 Thu, 19 Sep 2024 17:59:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457463 Service tax payments were deductible only on actual payment basis under Section 43B of the Income-tax Act, not on accrual of liability. Because the liability was genuine and the amounts had been deposited with the Government, the Tribunal correctly allowed the deduction in the year of actual payment, or consequentially in the appropriate earlier year. No error was found in that approach. Case-Laws Income Tax Mon, 14 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457463