https://www.taxtmi.com/caselaws?id=278139 The appeal challenging the addition of Rs. 20,34,916 for late payment of Employees Contribution to PF/ESI under section 143(3) of the Income-tax Act, 1961 for assessment year 2013-14 was dismissed by the Tribunal. The decision was based on the binding precedent set by the Hon'ble jurisdictional High Court ruling in the case of CIT vs. Gujarat State Road Transport Corporation, which clarified that delayed deposits of employees' contributions to PF are not deductible in computing income under section 28 of the Act. The dismissal of the appeal was in line with the High Court's decision, emphasizing the precedence of established legal principles. en-us Thu, 22 Mar 2018 00:00:00 +0530 Sat, 12 Jan 2019 07:00:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278139 The appeal challenging the addition of Rs. 20,34,916 for late payment of Employees Contribution to PF/ESI under section 143(3) of the Income-tax Act, 1961 for assessment year 2013-14 was dismissed by the Tribunal. The decision was based on the binding precedent set by the Hon'ble jurisdictional High Court ruling in the case of CIT vs. Gujarat State Road Transport Corporation, which clarified that delayed deposits of employees' contributions to PF are not deductible in computing income under section 28 of the Act. The dismissal of the appeal was in line with the High Court's decision, emphasizing the precedence of established legal principles. Case-Laws Income Tax Thu, 22 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278139