No addition on basis of assessee debited service tax in P& L account however not credited receipts in its books.

Samrat Builders Vs DCIT (ITAT Ahmedabad) Conclusion: Mere fact that assesse had separately debited service tax in it profit and loss account and not credited the same in its profit and loss account could not be the reason or basis for stating that assessee had not credited these receipts in its books as it was to be presumed included in the sales price. Held: The solitary issue involved in the appeal related to addition made of service tax paid by assessee during the year amounting to Rs. 1,27,31,534/- . The addition being made for the reason that though the assessee had separately claimed the...