https://www.taxtmi.com/caselaws?id=272123 The ITAT ruled in favor of the assessee, allowing the deduction of PF and ESIC dues despite late payment, citing compliance with the due date for filing the return of income. The disallowance of bad debts was overturned as efforts to recover them had failed over several years, aligning with legal precedent. Disallowance of travelling and conveyance expenses was rejected, emphasizing that as a limited company, no disallowance could be made for non-business purposes, especially when fringe benefit tax had been paid. The ITAT partially allowed the appeal, dismissing some grounds and allowing others based on detailed analysis and legal interpretations. en-us Wed, 20 Jan 2016 00:00:00 +0530 Sat, 27 Feb 2016 09:10:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272123 The ITAT ruled in favor of the assessee, allowing the deduction of PF and ESIC dues despite late payment, citing compliance with the due date for filing the return of income. The disallowance of bad debts was overturned as efforts to recover them had failed over several years, aligning with legal precedent. Disallowance of travelling and conveyance expenses was rejected, emphasizing that as a limited company, no disallowance could be made for non-business purposes, especially when fringe benefit tax had been paid. The ITAT partially allowed the appeal, dismissing some grounds and allowing others based on detailed analysis and legal interpretations. Case-Laws Income Tax Wed, 20 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272123