Section 43B doesn’t apply to service tax not routed through P&L

ACIT Vs S & A Finman Ltd. (ITAT Delhi) Introduction: This article delves into the recent decision of the Income Tax Appellate Tribunal (ITAT) Delhi in the case of ACIT vs. S & A Finman Ltd. for the assessment year 2012-13. The appeal by the Revenue challenges the order of the ld. CIT (Appeals)-14, New Delhi dated 09.12.2016, focusing on the disallowance of service tax amounting to Rs.1,79,91,058/-. The central question revolves around the application of section 43B of the Income-tax Act, 1961, and the legal implications of unpaid service tax. Detailed Analysis: 1. Grounds of Appeal: Th...