https://www.taxtmi.com/caselaws?id=278332 The ITAT upheld the CIT(A)'s decision in an appeal against the order for Assessment Year 2005-06. The ITAT allowed the claim for delayed payment to employees' PF contribution under section 43B, citing relevant precedents like Vinay Cement Ltd. and Alom Extrusions Ltd. It also permitted the depreciation, interest on vehicle loan, and insurance premium on vehicles disallowed by the Assessing Officer, based on business use and agreements to transfer ownership, in line with the Supreme Court's ruling in Mysore Minerals vs. CIT. The Revenue's appeal was dismissed. en-us Fri, 12 Aug 2011 00:00:00 +0530 Fri, 25 Jan 2019 15:27:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278332 The ITAT upheld the CIT(A)'s decision in an appeal against the order for Assessment Year 2005-06. The ITAT allowed the claim for delayed payment to employees' PF contribution under section 43B, citing relevant precedents like Vinay Cement Ltd. and Alom Extrusions Ltd. It also permitted the depreciation, interest on vehicle loan, and insurance premium on vehicles disallowed by the Assessing Officer, based on business use and agreements to transfer ownership, in line with the Supreme Court's ruling in Mysore Minerals vs. CIT. The Revenue's appeal was dismissed. Case-Laws Income Tax Fri, 12 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278332