https://www.taxtmi.com/caselaws?id=15341 The dominant issue was whether statutory contributions to provident fund and employees' state insurance paid within the statutory grace period are allowable deductions. The HC held that payments made within the grace time permitted under the relevant statute must be deducted while computing taxable income, affirming the Tribunal's view; the deduction was consequently allowed. A second issue was whether air-conditioners installed in computer rooms qualify for investment allowance. The HC held that where air-conditioning is necessary for optimum and safe operation of computers, it is an adjunct to the computer equipment (akin to a stabilizer) and is therefore eligible; investment allowance was consequently allowed. The revenue's challenge was dismissed. en-us Tue, 16 Feb 1999 00:00:00 +0530 Thu, 18 Dec 2025 17:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15341 The dominant issue was whether statutory contributions to provident fund and employees' state insurance paid within the statutory grace period are allowable deductions. The HC held that payments made within the grace time permitted under the relevant statute must be deducted while computing taxable income, affirming the Tribunal's view; the deduction was consequently allowed. A second issue was whether air-conditioners installed in computer rooms qualify for investment allowance. The HC held that where air-conditioning is necessary for optimum and safe operation of computers, it is an adjunct to the computer equipment (akin to a stabilizer) and is therefore eligible; investment allowance was consequently allowed. The revenue's challenge was dismissed. Case-Laws Income Tax Tue, 16 Feb 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15341