Relief to Adani Power Ltd: ITAT Allows Deduction u/s 43B of Income Tax Act as there is No Inconsistency in Amount Reported in Tax Audit and Amount Claimed in Return of Income [Read Order]

Adani Power Ltd - CESTAT - Refund - Service Tax paid - Service tax - SEZ - Authorized Operations - Taxscan

The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) allowed the deduction under Section 43B of Income tax Act as the tax auditor himself has certified that amount claimed under Section 43B of the Income Tax Act,1961 as pre-existing liability which was paid by the assessee in the previous year and the assessee has also…

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