https://www.taxtmi.com/caselaws?id=380713 ITAT Delhi partly allowed the assessee's appeal. Disallowance under s.14A r.w.r. 8D was deleted as no exempt income was earned during the relevant year, following binding precedent, and the issue was decided against the Revenue. On the issue of employees' contribution to EPF/ESI, ITAT, applying the Delhi HC ruling, held that deposits made beyond the prescribed grace period were not allowable, deciding this ground in favour of the Revenue. Regarding deduction under ss.10A and 80-IB, ITAT held that the eligible units had not borne any financial charges, as realizations and accounting were through the Head Office without any borrowing by the units, and upheld the deduction, rejecting the Revenue's contention. en-us Thu, 23 May 2019 00:00:00 +0530 Fri, 05 Dec 2025 13:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380713 ITAT Delhi partly allowed the assessee's appeal. Disallowance under s.14A r.w.r. 8D was deleted as no exempt income was earned during the relevant year, following binding precedent, and the issue was decided against the Revenue. On the issue of employees' contribution to EPF/ESI, ITAT, applying the Delhi HC ruling, held that deposits made beyond the prescribed grace period were not allowable, deciding this ground in favour of the Revenue. Regarding deduction under ss.10A and 80-IB, ITAT held that the eligible units had not borne any financial charges, as realizations and accounting were through the Head Office without any borrowing by the units, and upheld the deduction, rejecting the Revenue's contention. Case-Laws Income Tax Thu, 23 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380713