https://www.taxtmi.com/caselaws?id=273962 The ITAT upheld the CIT (A)'s decision in favor of the assessee, allowing the excess payment to the superannuation fund as a deductible amount under section 36(1)(iv) of the Income Tax Act. The ITAT also supported the allowance of the excess contribution under section 37(1) based on judicial precedents. Additionally, the ITAT upheld the deletion of the bad debt claim disallowed by the Assessing Officer, following a Supreme Court judgment in favor of the assessee. The ITAT dismissed the revenue's appeal and the cross objection filed by the assessee, affirming the CIT (A)'s orders on these issues. en-us Fri, 28 Jan 2011 00:00:00 +0530 Mon, 01 May 2023 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273962 The ITAT upheld the CIT (A)'s decision in favor of the assessee, allowing the excess payment to the superannuation fund as a deductible amount under section 36(1)(iv) of the Income Tax Act. The ITAT also supported the allowance of the excess contribution under section 37(1) based on judicial precedents. Additionally, the ITAT upheld the deletion of the bad debt claim disallowed by the Assessing Officer, following a Supreme Court judgment in favor of the assessee. The ITAT dismissed the revenue's appeal and the cross objection filed by the assessee, affirming the CIT (A)'s orders on these issues. Case-Laws Income Tax Fri, 28 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273962