https://www.taxtmi.com/caselaws?id=248564 The Tribunal upheld the CIT(A)'s decisions on all three issues raised in the appeal, dismissing the Revenue's appeal. The disallowance of bad debts/advances written off was allowed due to commercial expediency, the disallowance of employee's contribution to PF/ESI fund was dismissed as the amounts were paid before the due date, and the addition of sundry creditors of the discontinued Pharma Division sold under slump sale was also allowed as the liabilities were not part of the slump sale agreement. en-us Thu, 29 May 2014 00:00:00 +0530 Mon, 16 Jun 2014 22:19:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248564 The Tribunal upheld the CIT(A)'s decisions on all three issues raised in the appeal, dismissing the Revenue's appeal. The disallowance of bad debts/advances written off was allowed due to commercial expediency, the disallowance of employee's contribution to PF/ESI fund was dismissed as the amounts were paid before the due date, and the addition of sundry creditors of the discontinued Pharma Division sold under slump sale was also allowed as the liabilities were not part of the slump sale agreement. Case-Laws Income Tax Thu, 29 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248564