https://www.taxtmi.com/caselaws?id=379615 The Tribunal partly allowed the appeal by the assessee, deleting the addition under section 36(1)(iii) of the Income Tax Act due to the lack of nexus between interest-free funds and advances. However, the disallowance of ESI & PF contribution under section 36(1)(va) of the Act was upheld, as the contributions were not credited within the stipulated time. The Tribunal based its decision on legal precedents and factual circumstances presented, resulting in the modification of the tax assessment for the parties involved. en-us Fri, 03 May 2019 00:00:00 +0530 Mon, 06 May 2019 05:48:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379615 The Tribunal partly allowed the appeal by the assessee, deleting the addition under section 36(1)(iii) of the Income Tax Act due to the lack of nexus between interest-free funds and advances. However, the disallowance of ESI & PF contribution under section 36(1)(va) of the Act was upheld, as the contributions were not credited within the stipulated time. The Tribunal based its decision on legal precedents and factual circumstances presented, resulting in the modification of the tax assessment for the parties involved. Case-Laws Income Tax Fri, 03 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379615