2014 (6) TMI 182

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..... d during the year but by the date of furnishing the return for that year, deduction in its respect, notwithstanding the prescription of section 43B, i.e., actual payment, would hold – it would apply only to the sums pertaining to the FY 2007- 08, the PY relevant to A.Y. 2008-09 - the entire liability relates to a period/s prior to FY 2007-08 – thus, it would be allowed only in the year of payment, .....

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..... service-tax and sales-tax, paid in the sum of Rs.7,49,874/- and Rs.3,63,263/- respectively during the current year. The same stood denied by the Assessing Officer (A.O.) for the reason that the same pertains admittedly to the preceding years, being for the period July, 2004 to March, 2007 for service-tax and for financial years 2005-06 and 2006-07 for sales-tax. The assessee found favour in appea .....

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..... during the said year but by the date of furnishing the return for that year, deduction in its respect, notwithstanding the prescription of section 43B, i.e., actual payment, would hold. As such, the same would apply only to the sums pertaining to the financial year (f,y.) 2007- 08, the previous year relevant to A.Y. 2008-09. However, the entire liability under reference, as would be readily seen, .....

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