noted that the assessee had paid hire charges exceeding Rs.50,000 in each case as many as 89 persons amounting to Rs.1,75,91,805. During the course of assessment proceedings, the A.O. The return was selected for scrutiny by issuance of notice u/s 143(2) of the I.T.Act. For the assessment year 2010-2011, the return of income was filed on declaring total income of Rs.8,56,261. The assessee is an individual engaged in the business of travel agency and car rental services. We shall adjudicate the above issues as under:ĭisallowance of Rs.1,75,91,805 for non-deduction of TDSģ. (ii) whether the CIT(A) is justified in confirming the disallowance of service tax amounting to Rs.10,82,023 u/s 43B of the I.T.Act, which was not debited to the profit and loss account while computing the income of the assessee. (i) whether the CIT(A) is justified in confirming the disallowance of Rs.1,75,91,805 on account of non-deduction of TDS on hire charges paid
The relevant assessment year is 2010-2011.Ģ.
This appeal at the instance of the assessee is directed against CIT(A)’s order dated. In such an event, the disallowance u/s 43B would have to be upheld. AO was directed to examine whether assessee had actually collected the service tax from its customers and not remitted to the Government Exchequer. ACIT held that when assessee collected the service tax from its customers and had not remitted the Government Exchequer, the same had to be disallowed u/s 43B. It was held that the Bangalore Bench of the Tribunal in the case of Boraiah Shivananjaiah v. Accordingly an amount of Rs.10,82,023 was added to the returned income. Hence the service tax payable of Rs.10,82,023 was disallowed under the provisions of section 43B. Assessee should have considered service tax collected and not remitted as income for the year under the provisions of section 43B of the Income Tax Act. Assessee had collected service tax and not remitted to government account.
Held: AO noticed that assessee in the balance sheet filed for the AY. Befitting its name, each bottle comes with a magnetically held Courage & Conviction medal that may be removed and carried as an inspirational pocket piece.Nanjunda Renuka Aradhya Vs ACIT (ITAT Bangalore)Ĭonclusion: When assessee collected the service tax from its customers and had not remitted to Government Exchequer, the same had to be disallowed u/s 43B. This double copper pot-distilled spirit is bursting with spicy notes of fruit, cocoa, caramel and butterscotch, with a smooth and creamy finish. Still family owned, individual bottlings taken from the trio of casks used in the creation of the flagship single malt whiskey-bourbon, sherry and red wine-are available, but we favor the original whisky, which is composed of spirits aged in 50 percent ex-bourbon casks, 25 percent sherry casks and 25 percent red wine casks.
Moore’s original whisky, which he purposely spelled without an “e,” as a tribute to the Scottish style of whisky making. Moore, who founded the Virginia Distillery Company that produces this craft spirit. The phrase, “Have the courage of your convictions” originated in France but it was also a favorite saying of the late Dr.