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Functional comparability governs software-service benchmarking: dissimilar companies are excluded, while related-party filters, margins and working-ca...
The ITAT held that the addition under Section 36(1)(va) regarding the employees' contribution to the Labour Welfare Fund was unsustainable. The assessee deposited the amount on 30.01.2021, which fell within the grace period allowed under the Punjab Labour Welfare Act, 1965. Consequently, the Tribunal deleted the addition, affirming that the payment was made within the statutory timeline and therefore not liable for disallowance under the Income Tax Act.
The ITAT held that the addition under Section 36(1)(va) regarding the employees' contribution to the Labour Welfare Fund was unsustainable. The assessee deposited the amount on 30.01.2021, which fell within the grace period allowed under the Punjab Labour Welfare Act, 1965. Consequently, the Tribunal deleted the addition, affirming that the payment was made within the statutory timeline and therefore not liable for disallowance under the Income Tax Act.
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