https://www.taxtmi.com/caselaws?id=403048 The Tribunal dismissed the appellant's appeal, upholding the disallowance of both the employee's PF contribution and consultancy and legal fees. The PF contribution disallowance was affirmed as the appellant failed to deposit the amount by the due date, aligning with section 43B. For consultancy and legal fees, the Tribunal agreed with the AO and CIT(A) that these expenses, related to amalgamation, were correctly treated under section 35DD, allowing only 1/5th of the expenditure. The appellant's arguments were deemed unsubstantiated, and the Tribunal's decision was based on established legal precedents and factual findings. en-us Fri, 04 Dec 2020 00:00:00 +0530 Wed, 30 Oct 2024 14:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403048 The Tribunal dismissed the appellant's appeal, upholding the disallowance of both the employee's PF contribution and consultancy and legal fees. The PF contribution disallowance was affirmed as the appellant failed to deposit the amount by the due date, aligning with section 43B. For consultancy and legal fees, the Tribunal agreed with the AO and CIT(A) that these expenses, related to amalgamation, were correctly treated under section 35DD, allowing only 1/5th of the expenditure. The appellant's arguments were deemed unsubstantiated, and the Tribunal's decision was based on established legal precedents and factual findings. Case-Laws Income Tax Fri, 04 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403048