Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
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.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
