https://www.taxtmi.com/caselaws?id=328158 The ITAT ruled in favor of the assessee on all three issues. It held that the grant-in-aid received for salary and PF payments was a non-taxable capital receipt, allowed the deduction for employees' PF contributions paid before the return filing due date, and permitted the deduction of interest on delayed PF deposits as compensatory. The appeal was partly allowed, overturning the lower authorities' decisions on these grounds. en-us Tue, 19 Apr 2016 00:00:00 +0530 Thu, 26 May 2016 11:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328158 The ITAT ruled in favor of the assessee on all three issues. It held that the grant-in-aid received for salary and PF payments was a non-taxable capital receipt, allowed the deduction for employees' PF contributions paid before the return filing due date, and permitted the deduction of interest on delayed PF deposits as compensatory. The appeal was partly allowed, overturning the lower authorities' decisions on these grounds. Case-Laws Income Tax Tue, 19 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328158