https://www.taxtmi.com/caselaws?id=367121 The tribunal granted the appellant's request for condonation of a 125-day delay in filing appeals. The main issue was the denial of business deduction under s. 36(1)(va) for late payment of employees' PF and ESIC contributions. Relying on a Gujarat High Court decision, the tribunal determined that the due date should align with actual wage disbursement and grace periods under the Acts. The tribunal remanded the matter to the Assessing Officer for reevaluation based on this interpretation, potentially allowing relief if contributions were made within the due date from actual wage disbursement. Both appeals were allowed for statistical purposes, favoring the appellant. en-us Thu, 05 Jul 2018 00:00:00 +0530 Sat, 15 Sep 2018 07:39:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367121 The tribunal granted the appellant's request for condonation of a 125-day delay in filing appeals. The main issue was the denial of business deduction under s. 36(1)(va) for late payment of employees' PF and ESIC contributions. Relying on a Gujarat High Court decision, the tribunal determined that the due date should align with actual wage disbursement and grace periods under the Acts. The tribunal remanded the matter to the Assessing Officer for reevaluation based on this interpretation, potentially allowing relief if contributions were made within the due date from actual wage disbursement. Both appeals were allowed for statistical purposes, favoring the appellant. Case-Laws Income Tax Thu, 05 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367121