https://www.taxtmi.com/caselaws?id=215581 The tribunal ruled in favor of the assessee, dismissing the Revenue's appeal and allowing the assessee's appeal on all issues raised in the case. The disallowance of interest on interest-free advances was deleted as the tribunal found that the advances were from non-interest bearing funds. The disallowance of employees' contribution to PF and ESIC was also deleted since the payments were made before the due date of filing the return. Additionally, the disallowance under section 40(a)(ia) for late TDS deposit was not justified as the TDS was deposited before the due date, leading to its deletion. en-us Wed, 06 Jun 2012 00:00:00 +0530 Mon, 06 Aug 2012 14:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215581 The tribunal ruled in favor of the assessee, dismissing the Revenue's appeal and allowing the assessee's appeal on all issues raised in the case. The disallowance of interest on interest-free advances was deleted as the tribunal found that the advances were from non-interest bearing funds. The disallowance of employees' contribution to PF and ESIC was also deleted since the payments were made before the due date of filing the return. Additionally, the disallowance under section 40(a)(ia) for late TDS deposit was not justified as the TDS was deposited before the due date, leading to its deletion. Case-Laws Income Tax Wed, 06 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215581