https://www.taxtmi.com/caselaws?id=765226 ITAT Raipur held that unpaid VAT liability under section 43B cannot be disallowed if not claimed as deduction in books of accounts. The assessee had not charged the VAT amount to P&L Account, making it ineligible for disallowance since no deduction was claimed. Revenue's counsel admitted the amount was not claimed as expenditure in P&L Account. Following precedent from Ganapati Motors case, ITAT decided against revenue, ruling that section 43B disallowance applies only when expenses are actually claimed as deductions. en-us Thu, 23 Jan 2025 00:00:00 +0530 Tue, 28 Jan 2025 08:24:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765226 ITAT Raipur held that unpaid VAT liability under section 43B cannot be disallowed if not claimed as deduction in books of accounts. The assessee had not charged the VAT amount to P&L Account, making it ineligible for disallowance since no deduction was claimed. Revenue's counsel admitted the amount was not claimed as expenditure in P&L Account. Following precedent from Ganapati Motors case, ITAT decided against revenue, ruling that section 43B disallowance applies only when expenses are actually claimed as deductions. Case-Laws Income Tax Thu, 23 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765226