https://www.taxtmi.com/caselaws?id=270440 The Division Bench upheld the Tribunal's decision in the case regarding late deposits of employees' and employer's contributions to PF. Referring to the Alom Extrusions Limited case, the Bench held that the Finance Act, 2003, applied retrospectively from April 1, 1988. Consequently, the assessee's claims for ESI contributions were allowed, and disallowance under Section 43B was not applicable. Regarding the disallowance of depreciation on a let-out building, the Tribunal affirmed the CIT(A)'s decision to disallow depreciation only on the portion of the building that was let out, dismissing the revenue's appeal. en-us Tue, 22 Sep 2015 00:00:00 +0530 Wed, 06 Jan 2016 09:58:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270440 The Division Bench upheld the Tribunal's decision in the case regarding late deposits of employees' and employer's contributions to PF. Referring to the Alom Extrusions Limited case, the Bench held that the Finance Act, 2003, applied retrospectively from April 1, 1988. Consequently, the assessee's claims for ESI contributions were allowed, and disallowance under Section 43B was not applicable. Regarding the disallowance of depreciation on a let-out building, the Tribunal affirmed the CIT(A)'s decision to disallow depreciation only on the portion of the building that was let out, dismissing the revenue's appeal. Case-Laws Income Tax Tue, 22 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270440