No liability to pay Service Tax Until receipt of Consideration

Col. D. Pradeep Kumar Vs DCIT (ITAT Chennai) Introduction: The appeal of Col. D. Pradeep Kumar against the order of the Commissioner of Income Tax (Appeals)-2, Chennai, for AY 2012-13 revolves around the disallowance of Service Tax payable under section 43B of the Income Tax Act. The ITAT Chennai scrutinized the exclusive method employed by the assessee to account for Service Tax liabilities and directed the Assessing Officer (AO) to verify the extent of the liability at year-end. Detailed Analysis: The primary issue in this case pertains to the disallowance of Service Tax payable by the asses...