disallowance u/s 43B

  • Income Tax

TDS deposited before filing ITR allowable u/s 43B despite following cash method of accounting

TDS deposited before filing ITR is allowable u/s 43B despite assessee following cash method of accounting ABCAUS Case Law Citation:ABCAUS…

4 years ago
  • Income Tax

Unutilised MODVAT credit of Excise Duty not allowable u/s 43B – Supreme Court

Unutilised MODVAT credit of Excise Duty not allowable u/s 43B. Paying cost of raw materials does not mean that assessee is liable to pay Excise Duty on…

4 years ago
  • Income Tax

Under mercantile system of accounting interest payable would be treated as “paid” – ITAT

Under mercantile system of accounting interest payable is equal to paid. ITAT deleted disallowance on the ground that interest was…

4 years ago
  • Income Tax

No disallowance u/s 43B for unpaid service tax unless actually received-SC dismisses SLP of ITD

No disallowance u/s 43B for unpaid service tax unless actually received. Supreme Court dismisses the SLP of the Income Tax…

5 years ago
  • Income Tax

No disallowance u/s 43B when unpaid custom duty included in closing stock – SLP dismissed by SC

No disallowance u/s 43B when unpaid custom duty was included in the value of the closing stock - Supreme Court…

5 years ago
  • Income Tax

Statutory liability accrues on issuance of demand notice-disallowance u/s 43B deleted

Statutory liability accrues on issuance of demand notice-ITAT deleted disallowance u/s 43B and allowed payment of Local Body Tax in…

5 years ago