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Case lawHigh Court › CIT v Noble & Hewitt (I) P Ltd
High CourtHelps taxpayers.43Bs.43B(a)

CIT v Noble & Hewitt (I) P Ltd

The AO disallowed unpaid service tax under s.43B, but I never charged it to my P&L. Is that right?

The AO disallowed unpaid service tax under s.43B, but I never charged it to my P&L. Is that right?

No. Section 43B regulates the timing of a deduction and operates only on a deduction actually claimed. Where the levy was carried as a liability in the balance sheet and never debited to the profit and loss account, there is nothing to disallow, and following the mercantile system makes no difference.

Decided by the High Court (Delhi High Court - M.B. Lokur and S. Muralidhar, JJ.) on 2007-09-10, reported as [2008] 166 Taxman 48 (Delhi) / [2008] 305 ITR 324 (Delhi). It bears on section 43B, section 43B(a) of the Income Tax Act 1961, in Deductions & Disallowances matters.

Still good law. Applied by ITAT Delhi in ACIT, Circle 22(2) v. S & A Finman Ltd, ITA No. 2220/Del./2017 (order dated 14 December 2022, AY 2012-13), which deleted a disallowance of Rs.1,79,91,058 of service tax collected but not deposited because the amount had not been routed through the profit and loss account. ITAT Delhi has applied the same reasoning to a GST disallowance of Rs.3.55 crore made by CPC for AY 2020-21. Where this was checked.

Why it matters

This is the standard answer to a CPC or assessment add-back generated by matching an unpaid statutory levy in the audit particulars against the return, without anyone checking whether the amount was ever charged against profits. It has been applied by the Tribunal to service tax collected but not deposited and to a GST amount shown only as a balance sheet liability. The argument is a short one on the accounts and does not need the merits of the levy to be gone into.

Binding within that High Court's jurisdiction. Persuasive elsewhere.

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