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ITAT Delhi Deletes GST Disallowance Under Section 43B
Case Law Details
- Case Name
- ATS Real Estate Builders P. Ltd. Vs DCIT (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2020-21
- Courts
- All ITAT, ITAT Delhi
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ATS Real Estate Builders P. Ltd. Vs DCIT (ITAT Delhi)
The Income Tax Appellate Tribunal (ITAT) Delhi recently ruled in the case of ATS Real Estate Builders P. Ltd. v. DCIT concerning the disallowance of ₹3.55 crore under Section 43B of the Income Tax Act, 1961. The dispute arose from adjustments made by the Centralized Processing Center (CPC) during the assessment process, leading to the addition of GST payable to the taxable income. The ITAT found the adjustment unwarranted, as the GST amount had not been routed through the Profit & Loss (P&L) account.
The assessee contended that GS...
