Magnaquest Technologies Ltd. v. DCIT (2025) 215 ITD 146 (Hyd) (Trib.)

S.43B: Deductions on actual payment-Liabilities disallowed in earlier year-Paid during year-Allowable on furnishing payment evidence, while addition for balance amount without supporting evidence was to be sustained.

Held that deduction under section 43B for liabilities disallowed in the earlier year and paid during the year, deduction for service tax and TDS was allowable on furnishing payment evidence, while addition for the balance amount without supporting evidence was to be sustained. (AY. 2018-19)

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