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2011 (4) TMI 179 - AT - Income TaxAddition - Deduction of payment of service tax u/s 43B - Change of method of depreciation - Prior period expense - Held that: - amount of service tax deducted by bank in respect of past services are allowable as expenditure for the current year u/s 43B. Regarding adjustment u/s 115JB - Investment income was part of book profit therefore, disallowance under section 14A and addition of Rs.1,30,000/- to the book profit cannot be made. Regarding disallwance u/s 14A - Rule 8D - It is pertinent to note that in the impugned order, the Learned Commissioner of Income Tax(Appeals) directed the Assessing Officer to re-work out the disallowance, as per Rule 8D, following the decision of Tribunal in assessee's own case for the assessment year 2002-03 - Appeal of the assessee is partly allowed
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