https://www.taxtmi.com/caselaws?id=248933 The Tribunal dismissed the Revenue's appeal, upholding the deletion of disallowance of USA expenses and late deposit of ESIC and PF. The expenses were deemed related to marketing and sales, not taxable in India, as per agreements and legal precedents. The Tribunal relied on accepted accounting methods and legal principles, including decisions of the Hon'ble Supreme Court and ITAT Mumbai, to support its decision. The deletion of late ESIC and PF deposits was upheld based on compliance with the due date for filing returns under section 139(1) of the Act, following a precedent set by the Hon'ble Delhi High Court. en-us Wed, 18 Jun 2014 00:00:00 +0530 Mon, 30 Jun 2014 11:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248933 The Tribunal dismissed the Revenue's appeal, upholding the deletion of disallowance of USA expenses and late deposit of ESIC and PF. The expenses were deemed related to marketing and sales, not taxable in India, as per agreements and legal precedents. The Tribunal relied on accepted accounting methods and legal principles, including decisions of the Hon'ble Supreme Court and ITAT Mumbai, to support its decision. The deletion of late ESIC and PF deposits was upheld based on compliance with the due date for filing returns under section 139(1) of the Act, following a precedent set by the Hon'ble Delhi High Court. Case-Laws Income Tax Wed, 18 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248933