No Disallowance u/s 43B for unclaimed GST due to Lack of Deduction: ITAT allows Appeal

No disallowance under Section 43B for unclaimed GST due to lack of deduction: ITAT allows appeal: The ITAT has allowed an appeal, ruling that unclaimed GST due to a lack of deduction does not warrant disallowance under Section 43B of the Income Tax Act. The decision clarifies that tax liabilities that have not been claimed or deducted should not be disallowed merely on technical grounds. This ruling provides important guidance on the treatment of GST in tax assessments, ensuring that taxpayers are not unfairly penalized for procedural oversights and reinforcing the need for reasonable and equitable tax practices.