https://www.taxtmi.com/caselaws?id=792419 Late payment of service tax was not disallowable under section 43B where the assessee had not debited the amount to the profit and loss account and had shown it only as a balance-sheet liability. Because the sum did not pass through revenue expenditure in the relevant year, the statutory disallowance could not be sustained on that footing. The addition was therefore held unsustainable and the issue was decided in favour of the assessee. en-us Wed, 29 Apr 2026 00:00:00 +0530 Thu, 28 May 2026 08:21:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792419 Late payment of service tax was not disallowable under section 43B where the assessee had not debited the amount to the profit and loss account and had shown it only as a balance-sheet liability. Because the sum did not pass through revenue expenditure in the relevant year, the statutory disallowance could not be sustained on that footing. The addition was therefore held unsustainable and the issue was decided in favour of the assessee. Case-Laws Income Tax Wed, 29 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792419