02 February 2013
Service Tax deposited with penalty for previous years in current previous years is allowable under income tax. Please also give reference of any case law or section.
11 February 2013
It is penalty under section 78 of the service tax act. Whether it is allowable under the income tax act.Please tell me any case law or section of the IT Act
12 February 2013
You may refer the cases which are in connection with the penalties under different Statutes, however, reliance may be placed in connection with Service Tax also-
1. CIT V Catholic Syrian Bank 2. CIT V H P Forest Corporation(2010)320 ITR 170(HP) 3. GOLDCREST CAPITAL MARKET LTD. v ITO (2010) 36 DTR 177 (MUM)