https://www.taxtmi.com/caselaws?id=183951 The appeal was partly allowed, with ground no. 2 regarding the disallowance of contribution to PF being allowed, while ground nos. 1, 3, and 4 were dismissed. The Tribunal held that the employees' contribution towards PF, made within the due date of filing the return, should not be disallowed. Additionally, the Tribunal upheld the decision regarding the taxation of the stock discrepancy as "deemed income" under section 69C, denying the set off of depreciation against this income. en-us Tue, 08 Dec 2009 00:00:00 +0530 Mon, 27 Jun 2016 10:50:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183951 The appeal was partly allowed, with ground no. 2 regarding the disallowance of contribution to PF being allowed, while ground nos. 1, 3, and 4 were dismissed. The Tribunal held that the employees' contribution towards PF, made within the due date of filing the return, should not be disallowed. Additionally, the Tribunal upheld the decision regarding the taxation of the stock discrepancy as "deemed income" under section 69C, denying the set off of depreciation against this income. Case-Laws Income Tax Tue, 08 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183951