M/S.US TECHNOLOGY INTERNATIONAL P. LTD,TRIVANDRUM vs. THE JCIT, TRIVANDRUM
In the result, the appeal filed by the assessee is allowed
ITA 247/COCH/2017[2009-10]Status: DisposedITAT Cochin23 Jul 2018AY 2009-10
Bench: Shri Chandra Poojari, Am & Shri George George K, Jm
For Appellant: Sri.M.Raghunathan SFor Respondent: Sri.Santam Bose
Section 10ASection 10BSection 143(1)Section 143(3)Section 144CSection 263
section 43B r.w.s.
145A of the Income-tax Act.
Disallowance should have been made for the tax liability remaining unpaid on the due date of filing of return.
(b)
An amount of Rs.1,75,37,448/- being service tax input credit (prior period income) credited in the Profit & Loss account,w as not included for the computation of Taxable income
