U/s 43b

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Ravikant Gupta (Querist)

27 May 2016 During scrutiny ITO added service tax, vat in income even in p&l taxes are not debited as expenses. As per ITO u/s 43b if duty, taxes is not paid before due of filling return than it will be added in income. Now case in CIT appeal can u give some way out. Its huge liability.

praveen

praveen (Expert)

27 May 2016 I think you can win the case easily. if u read the section carefully it says deduction to be allowed in certain cases. here u are not claiming any deduction but it is a mere liability. hence u can appeal and get relief. there are certainly caselaws in this matter that can be ecamined

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Ravikant Gupta

Ravikant Gupta (Querist)

27 May 2016 But I can win case any references...pls provide we have convience ITO but he unable understand. It was for AY 13-14 now case is in appeal to CIT appeal pls provide way out

Ravikant Gupta

Ravikant Gupta (Querist)

27 May 2016 But I can win case any references...pls provide we have convience ITO but he unable understand. It was for AY 13-14 now case is in appeal to CIT appeal pls provide way out

Ravikant Gupta

Ravikant Gupta (Querist)

27 May 2016 Pls give me any reference of cases u/s 43b pls its urgent

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