https://www.taxtmi.com/caselaws?id=373623 The case involved issues regarding the deletion of addition of capital reserve while computing book profit under section 115JB of the Income Tax Act, 1961, and the disallowance of employees' contribution to Provident Fund/ESI paid beyond due dates. The Tribunal upheld the decisions of the ld. CIT(Appeals) on both issues, emphasizing that the Assessing Officer cannot recast audited accounts and that payments made before the due date of filing the return of income cannot be disallowed. The appeal of the Revenue and the Cross Objection of the assessee were dismissed, with the order pronounced on October 31, 2018. en-us Wed, 31 Oct 2018 00:00:00 +0530 Tue, 15 Jan 2019 17:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373623 The case involved issues regarding the deletion of addition of capital reserve while computing book profit under section 115JB of the Income Tax Act, 1961, and the disallowance of employees' contribution to Provident Fund/ESI paid beyond due dates. The Tribunal upheld the decisions of the ld. CIT(Appeals) on both issues, emphasizing that the Assessing Officer cannot recast audited accounts and that payments made before the due date of filing the return of income cannot be disallowed. The appeal of the Revenue and the Cross Objection of the assessee were dismissed, with the order pronounced on October 31, 2018. Case-Laws Income Tax Wed, 31 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373623