https://www.taxtmi.com/caselaws?id=285246 The Tribunal upheld the deletion of disallowance for delayed payment of employees' contribution to PF & ESI, citing compliance with the Supreme Court ruling in Alom Extrusions. The Tribunal also affirmed the CIT(A)'s decision to delete the disallowance under Rule 8D, consistent with previous rulings. Regarding eligibility for deduction under section 80-IA(4), the Tribunal found the assessee qualified as a developer, not just executing works contracts, and directed the AO to grant the deduction. Consequently, the Revenue's appeal was dismissed, and the Assessee's appeal was allowed. en-us Fri, 17 Jan 2014 00:00:00 +0530 Sun, 05 Jan 2020 09:59:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285246 The Tribunal upheld the deletion of disallowance for delayed payment of employees' contribution to PF & ESI, citing compliance with the Supreme Court ruling in Alom Extrusions. The Tribunal also affirmed the CIT(A)'s decision to delete the disallowance under Rule 8D, consistent with previous rulings. Regarding eligibility for deduction under section 80-IA(4), the Tribunal found the assessee qualified as a developer, not just executing works contracts, and directed the AO to grant the deduction. Consequently, the Revenue's appeal was dismissed, and the Assessee's appeal was allowed. Case-Laws Income Tax Fri, 17 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285246