https://www.taxtmi.com/caselaws?id=799499 Amended tax-inclusive income computation requires taxes, duties, cess and fees incurred in relation to goods or services to be included when calculating business income. Consequently, GST and service-tax liabilities collected from customers and paid after the return-filing date remain subject to disallowance under section 43B even if not routed through the profit and loss account. Interest on delayed remittance of TDS is treated as penal and not deductible as business expenditure. Commission-expense discrepancies require reconciliation, cash visa-fee payments require verification of each individual payment for cash-payment restrictions, and differences between declared receipts and Form 26AS receipts require reconciliation with books and supporting evidence. en-us Tue, 07 Jul 2026 00:00:00 +0530 Wed, 23 Sep 2026 08:48:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799499 Amended tax-inclusive income computation requires taxes, duties, cess and fees incurred in relation to goods or services to be included when calculating business income. Consequently, GST and service-tax liabilities collected from customers and paid after the return-filing date remain subject to disallowance under section 43B even if not routed through the profit and loss account. Interest on delayed remittance of TDS is treated as penal and not deductible as business expenditure. Commission-expense discrepancies require reconciliation, cash visa-fee payments require verification of each individual payment for cash-payment restrictions, and differences between declared receipts and Form 26AS receipts require reconciliation with books and supporting evidence. Case-Laws Income Tax Tue, 07 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799499