https://www.taxtmi.com/caselaws?id=64079 The Tribunal dismissed the revenue's appeal, upholding the Ld. CIT(A)'s decisions on all issues. It affirmed that no disallowance or addition could be made under sections 43B and 2(24)(x) for late PF contributions if paid within the grace period. The Tribunal also supported the determination of the PF deposit due date as the 20th of the following month, including a 5-day grace period. Additionally, the Tribunal upheld the deduction of 25% of entertainment expenditure, finding the Ld. CIT(A)'s estimation reasonable, based on the jurisdictional High Court's precedent. The Tribunal's decisions align with curative amendments and relevant case law. en-us Fri, 28 May 2004 00:00:00 +0530 Mon, 08 Jul 2024 10:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64079 The Tribunal dismissed the revenue's appeal, upholding the Ld. CIT(A)'s decisions on all issues. It affirmed that no disallowance or addition could be made under sections 43B and 2(24)(x) for late PF contributions if paid within the grace period. The Tribunal also supported the determination of the PF deposit due date as the 20th of the following month, including a 5-day grace period. Additionally, the Tribunal upheld the deduction of 25% of entertainment expenditure, finding the Ld. CIT(A)'s estimation reasonable, based on the jurisdictional High Court's precedent. The Tribunal's decisions align with curative amendments and relevant case law. Case-Laws Income Tax Fri, 28 May 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64079