https://www.taxtmi.com/caselaws?id=178560 The ITAT ruled in favor of the assessee on the disallowance of employees' Provident Fund contributions and profits attributable to installation and testing charges of DG sets under section 80IB(4). The ITAT directed the AO to delete the addition of EPF contributions and allow the deduction under section 80IB for installation charges. The ITAT also permitted the deduction despite the disallowance of cash payment of rent to the Landlord under section 40A(3) and considered penalty interests under sections 234B & 234A as mandatory. Ultimately, the ITAT allowed the appeal filed by the assessee. en-us Fri, 06 Dec 2013 00:00:00 +0530 Mon, 08 Aug 2022 10:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178560 The ITAT ruled in favor of the assessee on the disallowance of employees' Provident Fund contributions and profits attributable to installation and testing charges of DG sets under section 80IB(4). The ITAT directed the AO to delete the addition of EPF contributions and allow the deduction under section 80IB for installation charges. The ITAT also permitted the deduction despite the disallowance of cash payment of rent to the Landlord under section 40A(3) and considered penalty interests under sections 234B & 234A as mandatory. Ultimately, the ITAT allowed the appeal filed by the assessee. Case-Laws Income Tax Fri, 06 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178560