https://www.taxtmi.com/caselaws?id=203989 The High Court aligned the grace period for payments under the Employee's Provident Fund Scheme, 1952 with the Income Tax Act, 1961, ruling in favor of the assessee based on the permissible grace period. The Court emphasized the need to prove commercial expediency for interest-free advances to sister concerns. The judgment dismissed the appeals, emphasizing adherence to legal provisions and established precedents in financial transactions. en-us Fri, 03 Dec 2010 00:00:00 +0530 Sat, 03 Sep 2011 18:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203989 The High Court aligned the grace period for payments under the Employee's Provident Fund Scheme, 1952 with the Income Tax Act, 1961, ruling in favor of the assessee based on the permissible grace period. The Court emphasized the need to prove commercial expediency for interest-free advances to sister concerns. The judgment dismissed the appeals, emphasizing adherence to legal provisions and established precedents in financial transactions. Case-Laws Income Tax Fri, 03 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203989