https://www.taxtmi.com/caselaws?id=178868 The ITAT upheld the decisions of the CIT(A) on all issues, dismissing the Revenue's appeal and partly allowing the assessee's claim. The applicability of amendments to section 40(a)(ia) of the Income-tax Act, 1961 was held to be retrospective, leading to the allowance of certain expenditures. The disallowance of ESI and PF contributions was rejected due to timely deposits, and the disallowance of cash expenditures under section 40A(3) was partially allowed based on business practices and lack of verifiable documentation. en-us Mon, 19 Aug 2013 00:00:00 +0530 Mon, 15 Feb 2016 13:09:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178868 The ITAT upheld the decisions of the CIT(A) on all issues, dismissing the Revenue's appeal and partly allowing the assessee's claim. The applicability of amendments to section 40(a)(ia) of the Income-tax Act, 1961 was held to be retrospective, leading to the allowance of certain expenditures. The disallowance of ESI and PF contributions was rejected due to timely deposits, and the disallowance of cash expenditures under section 40A(3) was partially allowed based on business practices and lack of verifiable documentation. Case-Laws Income Tax Mon, 19 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178868