Service Tax paid through Banking Channel cannot be deemed as Unexplained

ITO Vs. Shri Ravindra Pratap Thareja (ITAT Jabalpur) Revenue’s appeal relates to the deletion of addition of Rs. 4,33,505/- made by the Assessing Officer on account of unexplained payment of service tax. We find that the assessee has paid the service tax amount through banking channel. Challans of the payment of tax were placed on record before the assessing authority. The source of alleged service tax amount is well explained in the books of account. We, therefore, find no infirmity in the order of CIT(A) deleting the addition of 4,33,505/-. This ground of Revenue is dismissed. Full Text...