https://www.taxtmi.com/caselaws?id=366731 The ITAT ruled in favor of the assessee, holding that the EPF employee's share contribution should not be disallowed under section 36(1)(va) read with section 2(24)(x) of the Act. The ITAT referred to a Supreme Court decision and directed the issue back to the CIT(A) for reconsideration. Regarding the addition of capital under section 68 of the Act, the ITAT allowed the assessee another chance to provide sufficient evidence to support the claim before the CIT(A) for a fair assessment. The ITAT emphasized the importance of presenting satisfactory evidence. en-us Fri, 07 Sep 2018 00:00:00 +0530 Sat, 08 Sep 2018 10:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366731 The ITAT ruled in favor of the assessee, holding that the EPF employee's share contribution should not be disallowed under section 36(1)(va) read with section 2(24)(x) of the Act. The ITAT referred to a Supreme Court decision and directed the issue back to the CIT(A) for reconsideration. Regarding the addition of capital under section 68 of the Act, the ITAT allowed the assessee another chance to provide sufficient evidence to support the claim before the CIT(A) for a fair assessment. The ITAT emphasized the importance of presenting satisfactory evidence. Case-Laws Income Tax Fri, 07 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366731