https://www.taxtmi.com/caselaws?id=177489 A provision for audit fees was not hit by TDS disallowance because the liability had not crystallised at year-end and the payee was not yet identified; the disallowance was therefore deleted. Interest credited to employees' provident fund accounts was also held allowable, as the amounts were credited to separate employee accounts and treated as belonging to the employees under the fund arrangement; that addition was likewise deleted. The Revenue's challenge failed on both issues, and the first appellate relief was sustained. en-us Fri, 31 Aug 2012 00:00:00 +0530 Mon, 11 Jan 2016 13:11:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177489 A provision for audit fees was not hit by TDS disallowance because the liability had not crystallised at year-end and the payee was not yet identified; the disallowance was therefore deleted. Interest credited to employees' provident fund accounts was also held allowable, as the amounts were credited to separate employee accounts and treated as belonging to the employees under the fund arrangement; that addition was likewise deleted. The Revenue's challenge failed on both issues, and the first appellate relief was sustained. Case-Laws Income Tax Fri, 31 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177489