https://www.taxtmi.com/caselaws?id=355952 The High Court dismissed the appeal, affirming the ITAT and CIT(A)'s decisions. The ITAT's deletion of additions under Section 40(a)(ia) and for late deposits of PF & ESI contributions was upheld, citing precedents allowing deductions for timely deposits. The court also supported the finding that PF & ESI contributions are governed by Section 433, not Section 36(1)(va). The AO's failure to substantiate interest expenses led to their deletion, with the court finding no grounds to interfere with the lower authorities' decisions. The unresolved issues related to PF & ESI contributions await the Supreme Court's decision. en-us Thu, 15 Feb 2018 00:00:00 +0530 Wed, 21 Feb 2018 11:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355952 The High Court dismissed the appeal, affirming the ITAT and CIT(A)'s decisions. The ITAT's deletion of additions under Section 40(a)(ia) and for late deposits of PF & ESI contributions was upheld, citing precedents allowing deductions for timely deposits. The court also supported the finding that PF & ESI contributions are governed by Section 433, not Section 36(1)(va). The AO's failure to substantiate interest expenses led to their deletion, with the court finding no grounds to interfere with the lower authorities' decisions. The unresolved issues related to PF & ESI contributions await the Supreme Court's decision. Case-Laws Income Tax Thu, 15 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355952