https://www.taxtmi.com/caselaws?id=470216 Unpaid GST collected from customers and shown as a current liability, without being routed through the profit and loss account or claimed as a deduction, falls outside section 43B. Section 43B applies only where an otherwise deductible revenue expenditure remains unpaid. As the GST amount was neither the assessee's income nor expenditure, no disallowance could arise and no consequential adjustment could be made during return processing under section 143(1)(a)(iv). The adjustment adding the unpaid GST was therefore unsustainable and deleted. en-us Tue, 18 Mar 2025 00:00:00 +0530 Mon, 20 Jul 2026 20:32:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470216 Unpaid GST collected from customers and shown as a current liability, without being routed through the profit and loss account or claimed as a deduction, falls outside section 43B. Section 43B applies only where an otherwise deductible revenue expenditure remains unpaid. As the GST amount was neither the assessee's income nor expenditure, no disallowance could arise and no consequential adjustment could be made during return processing under section 143(1)(a)(iv). The adjustment adding the unpaid GST was therefore unsustainable and deleted. Case-Laws Income Tax Tue, 18 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470216