https://www.taxtmi.com/caselaws?id=209966 The Tribunal upheld the Commissioner of Income Tax (Appeals) decision to delete the disallowance of expenses allocated to the Sales and Marketing division, finding the apportionment based on head-count rational. The Tribunal also supported the deletion of the entire Management by Objectives incentive provision disallowed by the Assessing Officer, as it was consistently followed by the assessee under the mercantile system of accounting. Additionally, the Tribunal agreed with the CIT(A) in allowing late PF contributions, citing compliance with the grace period under the PF Act. The appeal was dismissed, emphasizing the importance of consistent accounting methods and statutory compliance in tax assessments. en-us Wed, 25 May 2011 00:00:00 +0530 Sat, 06 Jul 2013 13:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209966 The Tribunal upheld the Commissioner of Income Tax (Appeals) decision to delete the disallowance of expenses allocated to the Sales and Marketing division, finding the apportionment based on head-count rational. The Tribunal also supported the deletion of the entire Management by Objectives incentive provision disallowed by the Assessing Officer, as it was consistently followed by the assessee under the mercantile system of accounting. Additionally, the Tribunal agreed with the CIT(A) in allowing late PF contributions, citing compliance with the grace period under the PF Act. The appeal was dismissed, emphasizing the importance of consistent accounting methods and statutory compliance in tax assessments. Case-Laws Income Tax Wed, 25 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209966