Section 43B Addition Quashed as GST Liability Was Shown Only as Liability & not claimed as expense

KBH Energy and Infra Services Pvt. Ltd. Vs Centralized Processing Centre (CPC) (ITAT Delhi) The Income Tax Appellate Tribunal (ITAT), Delhi, allowed the appeal filed by KBH Energy and Infra Services Pvt. Ltd. and deleted a disallowance of ₹45,62,808 made under Section 43B of the Income Tax Act, 1961 in respect of outstanding GST liability. The dispute arose from an adjustment made by the Centralized Processing Centre (CPC), Bengaluru, while processing the assessee’s return of income for Assessment Year 2019-20. The assessee had filed its return declaring business income of ₹35,92,068. Du...