Late GST Payment Deductions Denied; Returns Must Meet Section 139(1) Deadline for Section 43B Compliance.

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....Belated payment of GST after due date of filing return u/s 139(1) - disallowance u/s 43B - assessee's failure to discharge statutory dues by actual payment within due date of filing prescribed u/s 139(1) - belated ITR filed u/s 139(4) - whether ITR filed u/s 139(4) can be treated as filed u/s 139(1) for section 43B purposes. Held that expenditure otherwise allowed as deduction in computing taxable income under Chapter IV-D is subject to actual payment within due date prescribed u/s 139(1) irrespective of accounting method employed. Disallowance by prima facie adjustment in summary assessment u/s 143(1)(a) supported by judicial precedent and CBDT circular. Matter remanded to NFAC to deal with limited issue of exact GST amount discharged by extended due date and balance paid beyond, in accordance with law and pass speaking order u/s 250(6). Appeal allowed for statistical purposes.....