Provisions of Section 43B of the Income-Tax Act, 1961 held as not applicable to service tax

Real Image Media Technologies Pvt. Ltd. Vs. ACIT (ITAT Chennai)

Facts – Real Image Media Technologies Pvt Ltd (the Assessee), in their books of account, did not route the service tax dues through the profit and loss account. However, the liability towards service tax was reported in the Balance Sheet. During the course of assessment proceedings, the assessing officer (AO) requested the assessee to furnish proof in support of the payment of service tax dues on or before the statutory date

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