Assessing Officer Disallows Tax Credit for Prior Period Input Service Tax Refund Carried Forward to Current Year.

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....Disallowance of tax credit / service tax written off - disallowance made by the AO for the refund of input service tax written off - Prior period item - When the input service tax credit is carried forward from earlier financial year to the current financial year, it partakes the nature of taxes paid for the current financial year and hence deductible as and when the assessee has debited into the profit & loss account. - AT....