https://www.taxtmi.com/caselaws?id=336308 The ITAT partially allowed the appeal, remitting various disallowances and deductions back to the AO for further examination. The judgment clarified the deductibility of foreign exchange losses related to trading transactions, allowed deductions for Provident Fund contributions made before the due date, upheld disallowance of TDS claimed without certificates, permitted deduction of tax paid on employees' salaries under protest, and ordered a reassessment of excess TDS deposits. The decision underscored the significance of providing adequate details, timely payments, and proper documentation to support deduction claims. en-us Thu, 15 Dec 2016 00:00:00 +0530 Mon, 19 Dec 2016 13:31:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336308 The ITAT partially allowed the appeal, remitting various disallowances and deductions back to the AO for further examination. The judgment clarified the deductibility of foreign exchange losses related to trading transactions, allowed deductions for Provident Fund contributions made before the due date, upheld disallowance of TDS claimed without certificates, permitted deduction of tax paid on employees' salaries under protest, and ordered a reassessment of excess TDS deposits. The decision underscored the significance of providing adequate details, timely payments, and proper documentation to support deduction claims. Case-Laws Income Tax Thu, 15 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336308