https://www.taxtmi.com/caselaws?id=464626 ITAT Mumbai allowed the assessee's appeal, directing deletion of the addition of a GST refund on export of services to taxable income. The tribunal found the assessee had not charged GST as an expense to the profit and loss account and applied Section 145A(ii), concluding that adding the refund would require treating GST expenses similarly to remain tax-neutral. Since the assessee consistently followed the exclusive method of accounting, the AO's addition was held unsustainable. en-us Thu, 30 Jan 2025 00:00:00 +0530 Thu, 06 Nov 2025 14:48:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464626 ITAT Mumbai allowed the assessee's appeal, directing deletion of the addition of a GST refund on export of services to taxable income. The tribunal found the assessee had not charged GST as an expense to the profit and loss account and applied Section 145A(ii), concluding that adding the refund would require treating GST expenses similarly to remain tax-neutral. Since the assessee consistently followed the exclusive method of accounting, the AO's addition was held unsustainable. Case-Laws Income Tax Thu, 30 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464626