Case Law Details
Case Name : Principal CIT Vs Tops Security Ltd. (Bombay High Court)
Related Assessment Year : 2006-07
Courts :
All High Courts Bombay High Court
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Pr. CIT Vs Tops Security Ltd. (Bombay High Court)
Section 43B does not contemplate liability to pay service tax before actual receipt of the funds in the account of the assessee. Hence the liability to pay service tax into the Treasury will arise only upon the assessee receiving the funds and not otherwise. Thus the consideration has to be actually received and thereupon the liability will arise. Hence, the liability claimed by the assessee was rightly allowed by the Tribunal.
FULL TEXT OF THE HIGH COURT ORDER / JUDGMENT
1. The Revenue’s appeals challenge the orders of the Income Tax App...
This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
A good channel but shows some incomplete judgement, pl give full text