Service tax not paid before return due date disallowable under section 43B

Hubli Electricity Supply Vs DCIT (ITAT Bangalore) The Income Tax Appellate Tribunal (ITAT) Bangalore’s decision in the case of Hubli Electricity Supply versus Deputy Commissioner of Income Tax (DCIT) presents a significant examination of the provisions of section 43B of the Income Tax Act. This case underscores the legal intricacies involved in the treatment of taxes, duties, cesses, or fees by businesses and their impact on the computation of taxable income. Through a detailed analysis, this article aims to dissect the tribunal’s ruling, its legal grounding, and its implications f...