https://www.taxtmi.com/caselaws?id=172784 The ITAT Mumbai upheld the decisions of the Ld. CIT (A) on all three issues, dismissing the revenue's appeal in its entirety. The first issue regarding the delayed payment of PF contribution was found in favor of the assessee based on precedents and timely payments made before filing the income tax return. The second issue involved relief granted on staff welfare expenditure under sec. 40A(9), which was allowed by the Ld. CIT (A) and confirmed by the ITAT. Lastly, the deletion of bond issue expenses disallowance was also upheld as a revenue expenditure under sec. 37(i). en-us Fri, 26 Aug 2011 00:00:00 +0530 Mon, 09 Oct 2017 09:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=172784 The ITAT Mumbai upheld the decisions of the Ld. CIT (A) on all three issues, dismissing the revenue's appeal in its entirety. The first issue regarding the delayed payment of PF contribution was found in favor of the assessee based on precedents and timely payments made before filing the income tax return. The second issue involved relief granted on staff welfare expenditure under sec. 40A(9), which was allowed by the Ld. CIT (A) and confirmed by the ITAT. Lastly, the deletion of bond issue expenses disallowance was also upheld as a revenue expenditure under sec. 37(i). Case-Laws Income Tax Fri, 26 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=172784