https://www.taxtmi.com/caselaws?id=281930 The Tribunal dismissed the Revenue's appeal, upholding the decisions of the Ld.CIT(A) regarding the disallowance of PF and ESI contributions, depreciation on the motor car, and interest on the car loan. Contributions made before the due date for filing the return of income were deemed allowable deductions, and depreciation on a car registered in a Director's relative's name was permitted if used for business purposes. Additionally, interest on a car loan was considered an allowable deduction in the hands of the company. en-us Wed, 08 Aug 2018 00:00:00 +0530 Sat, 13 Jul 2019 07:31:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281930 The Tribunal dismissed the Revenue's appeal, upholding the decisions of the Ld.CIT(A) regarding the disallowance of PF and ESI contributions, depreciation on the motor car, and interest on the car loan. Contributions made before the due date for filing the return of income were deemed allowable deductions, and depreciation on a car registered in a Director's relative's name was permitted if used for business purposes. Additionally, interest on a car loan was considered an allowable deduction in the hands of the company. Case-Laws Income Tax Wed, 08 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281930