Service tax liability, for which there was no receipt by assessee by year end, could not be disallowed U/s. 43B

ITAT MUMBAI BENCH ‘F’ Deputy Commissioner of Income-tax Versus Ovira Logistics (P.) Ltd. IT Appeal Nos. 4567 & 4594 (Mum.) of 2011 OCTOBER  31, 2012 ORDER Dinesh Kumar Agarwal, Judicial Member These cross appeals by the Revenue and the assessee are directed against the order dtd. 10-2-2011 passed by the ld. CIT(A) – 17, Mumbai for the A.Y. 2007-08. Both these appeals are disposed of by this common order for the sake of convenience. 2. Briefly stated facts of the case are that the assessee company is a subsidiary company of M/s Infrastructure Leasing &a...