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TMI Blog2018 (5) TMI 1962X X X X Extracts X X X X X X X X Extracts X X X X ..... t By: Dr. Sandeep Goel, Addl. CIT (D.R) ORDER Shri Inturi Rama Rao, A.M. : This is an appeal filed by the assessee company directed against the order of Learned Commissioner of Income Tax (Appeals)-7, Bangalore dt.21.07.2017 for the Assessment Year 2013-14. 2. The assessee raised the following grounds of appeal : 1. The learned Commissioner of Income ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Briefly the facts of the case are that the assessee is an individual deriving income under the head "Business." The return of income for the Assessment Year 2013-14 was filed declaring an income of Rs. 23,93,160. Against the said return of income, the assessment was completed vide order dt.18.3.2016 by the Assessing Officer passed under Section 143(3) of the Income Tax Act, 1961 (in s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sion of Hon'ble Supreme Court in the case of Chowranghee Sales Bureau Pvt. Ltd. Vs. CIT 87 ITR 542 (SC). Being aggrieved the assessee is in appeal before us. 4. The learned Counsel for the assessee vehemently argued that the service tax calculated is not credited to P & L Account. Similarly, the service tax paid or payable is not debited ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... bsp; service tax payable. This issue was considered by the Hon'ble Bombay high court in the case of CIT Vs. Knight Frank (India) Pvt. Ltd. in ITA No.247 of 2014 & ITA No.255 of 2014 Dt.16.8.2016 (Bom) in para 7 held as follows : "7. Regarding question (ii) :- (a) It is an admitted position before us that the respondent assessee had not claimed any deduction ..... X X X X Extracts X X X X X X X X Extracts X X X X
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