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SEC 43B DISALLOWANCE

T.S.CHANDRASEKARAN (CHARTERED ACCOUNTANT) (60 Points)

06 October 2009

SALES TAX AND SERVICE TAX NOT ROUTED THRO PROFIT AND LOSS ACCOUNT NOT TO BE ADDED TO PROFIT FOR COMPUTATION OF TAXABLE INCOME EVENTHOUGH THEY ARE NOT REMITTED.VIDE COMMISSIONER OF INCOME TAX VS NOBLE HEWITT (I) P LTD [2008] 166 TAXMAN 48(DELHI) DECIDED BY DELHI HIGH COURT.THIS IS A WELCOME RELIEF AND GIVEN SOLUTION TO AMBIGOUS PROVISIONS UNDER SEC 43B/CLAUSES. IN FORM 3CD.EVENTHOUGH BELATED I WISH TO SHARE WITH FORUM.

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4 Replies

surbhi (SD) (40 Points)
Replied 06 October 2009

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surbhi (SD) (40 Points)
Replied 06 October 2009

sdfsdfsdfs

Originally posted by :T.S.CHANDRASEKARAN

SALfghfhgfhgfhES TAX AND SERVICE TAX NOT ROUTED THRO PROFIT AND LOSS ACCOUNT NOT TO BE ADDED TO PROFIT FOR COMPUTATION OF TAXABLE INCOME EVENTHOUGH THEY ARE NOT REMITTED.VIDE COMMISSIONER OF INCOME TAX VS NOBLE HEWITT (I) P LTD [2008] 166 TAXMAN 48(DELHI) DECIDED BY DELHI HIGH COURT.THIS IS A WELCOME RELIEF AND GIVEN SOLUTION TO AMBIGOUS PROVISIONS UNDER SEC 43B/CLAUSES. IN FORM 3CD.EVENTHOUGH BELATED I WISH TO SHARE WITH FORUM.

surbhi (test) (37 Points)
Replied 06 October 2009

Originally posted by :ssdfsdfurbhi
"	sdfsdfsdfs Originally posted by :T.S.CHANDRASEKARAN " SALfghfhgfhgfhES TAX AND SERVICE TAX NOT ROUTED THRO PROFIT AND LOSS ACCOUNT NOT TO BE ADDED TO PROFIT FOR COMPUTATION OF TAXABLE INCOME EVENTHOUGH THEY ARE NOT REMITTED.VIDE COMMISSIONER OF INCOME TAX VS NOBLE HEWITT (I) P LTD [2008] 166 TAXMAN 48(DELHI) DECIDED BY DELHI HIGH COURT.THIS IS A WELCOME RELIEF AND GIVEN SOLUTION TO AMBIGOUS PROVISIONS UNDER SEC 43B/CLAUSES. IN FORM 3CD.EVENTHOUGH BELATED I WISH TO SHARE WITH FORUM. "	"