https://www.taxtmi.com/caselaws?id=330836 The Court dismissed the Tax Appeals, confirming the Tribunal's decision to delete disallowances of delayed employee contributions to PF, ESI, and technical knowhow fees. The Court upheld deductions under section 43B for timely deposited employer contributions and clarified that section 35AB applies to capital, not revenue, expenditure. Ruling in favor of the assessee, the Court relied on legal precedents and previous judgments, ultimately siding with the assessee against the revenue department. en-us Thu, 21 Jul 2016 00:00:00 +0530 Thu, 04 Aug 2016 11:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330836 The Court dismissed the Tax Appeals, confirming the Tribunal's decision to delete disallowances of delayed employee contributions to PF, ESI, and technical knowhow fees. The Court upheld deductions under section 43B for timely deposited employer contributions and clarified that section 35AB applies to capital, not revenue, expenditure. Ruling in favor of the assessee, the Court relied on legal precedents and previous judgments, ultimately siding with the assessee against the revenue department. Case-Laws Income Tax Thu, 21 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330836