Belated payment of Service Tax collected can be allowed on Actual Payment in AY in which it was Actually Paid: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Bangalore held that belated paid service tax collected to Government exchequer can be allowed on actual payment in the assessment year in which it was actually paid. The assessee is a resident company registered under the Companies Act, 1956, following the mercantile method of accounting, carrying on the business […]

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