https://www.taxtmi.com/caselaws?id=277850 The ITAT upheld the CIT(A)'s decisions in both issues. Regarding the delayed deposit of Employees' contribution in PF, the ITAT held that contributions made before the due date of filing the return are allowable business expenditures, directing the AO to delete the disallowance. Concerning the addition under Rule 8D read with section 14A of the IT Act, the ITAT ruled that disallowance is not applicable without exempt income, dismissing the Revenue's appeal and partly allowing the assessee's appeal for statistical purposes. en-us Fri, 03 Mar 2017 00:00:00 +0530 Thu, 27 Dec 2018 06:29:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277850 The ITAT upheld the CIT(A)'s decisions in both issues. Regarding the delayed deposit of Employees' contribution in PF, the ITAT held that contributions made before the due date of filing the return are allowable business expenditures, directing the AO to delete the disallowance. Concerning the addition under Rule 8D read with section 14A of the IT Act, the ITAT ruled that disallowance is not applicable without exempt income, dismissing the Revenue's appeal and partly allowing the assessee's appeal for statistical purposes. Case-Laws Income Tax Fri, 03 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277850