Delhi High Court sides with assessee on Section 43B disallowance issue

The High Court of Delhi ruled in favor of the assessee regarding the disallowance issue under Section 43B due to a one-time settlement with IDBI. The court questioned the ITAT's deletion of an amount under Section 36(1)(va) in conjunction with ITA 547/2015.

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The High Court of Delhi heard an appeal regarding late contributions to ESIC and disallowance under Section 43B. The court found in favor of the assessee for the disallowance issue due to a one-time settlement with IDBI. The ITAT was questioned for deleting an amount under Section 36(1)(va). The case was listed along with ITA 547/2015.

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