https://www.taxtmi.com/caselaws?id=395796 Interest on fixed deposits claimed under section 80P(2)(d) required verification of the actual source of the funds, because the tax treatment and any set-off of brought forward loss depended on whether the deposits arose from surplus funds or from grants, loan funds, or temporary beneficiary amounts; the matter was remanded for fresh examination. Delayed employees' ESI and EPF contributions also required date-wise verification against the relevant statutory due dates, and the issue was sent back for reconsideration with admissible relief if payment was timely on facts. Ad hoc expense disallowance and disallowance of income tax expense were sustained for want of adequate supporting evidence. en-us Fri, 05 Jun 2020 00:00:00 +0530 Wed, 06 Nov 2024 11:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395796 Interest on fixed deposits claimed under section 80P(2)(d) required verification of the actual source of the funds, because the tax treatment and any set-off of brought forward loss depended on whether the deposits arose from surplus funds or from grants, loan funds, or temporary beneficiary amounts; the matter was remanded for fresh examination. Delayed employees' ESI and EPF contributions also required date-wise verification against the relevant statutory due dates, and the issue was sent back for reconsideration with admissible relief if payment was timely on facts. Ad hoc expense disallowance and disallowance of income tax expense were sustained for want of adequate supporting evidence. Case-Laws Income Tax Fri, 05 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395796