https://www.taxtmi.com/caselaws?id=221672 The High Court upheld the Tribunal's decision in favor of the appellant, allowing the deduction of bad debts and late payment of employees' provident fund contributions. The interpretation of Section 72A(7)(aa) post-amalgamation was also ruled in favor of the appellant. The judgment emphasized adherence to accounting practices and legal provisions for determining deductions and liabilities in such cases. en-us Tue, 19 Feb 2013 00:00:00 +0530 Wed, 20 Mar 2013 12:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221672 The High Court upheld the Tribunal's decision in favor of the appellant, allowing the deduction of bad debts and late payment of employees' provident fund contributions. The interpretation of Section 72A(7)(aa) post-amalgamation was also ruled in favor of the appellant. The judgment emphasized adherence to accounting practices and legal provisions for determining deductions and liabilities in such cases. Case-Laws Income Tax Tue, 19 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221672