https://www.taxtmi.com/caselaws?id=293249 The Tribunal confirmed disallowance under section 43B for the delay in depositing employees' contribution to PF and ESI. It upheld the deletion of interest disallowance under section 14A and reduced administrative expenses disallowance. The Tribunal allowed depreciation on software at 60%, treated gains from shares as capital gains, and permitted depreciation and insurance expenses on motor cars. Bad debts were allowed as trading loss. Disallowance under section 40(a)(ia) for non-deduction of TDS was deleted. The Tribunal excluded disallowance under section 14A from book profit calculation under section 115JB but remanded the issue of adding Rs. 1.11 Crores for verification. en-us Fri, 29 Nov 2019 00:00:00 +0530 Tue, 02 Feb 2021 14:02:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293249 The Tribunal confirmed disallowance under section 43B for the delay in depositing employees' contribution to PF and ESI. It upheld the deletion of interest disallowance under section 14A and reduced administrative expenses disallowance. The Tribunal allowed depreciation on software at 60%, treated gains from shares as capital gains, and permitted depreciation and insurance expenses on motor cars. Bad debts were allowed as trading loss. Disallowance under section 40(a)(ia) for non-deduction of TDS was deleted. The Tribunal excluded disallowance under section 14A from book profit calculation under section 115JB but remanded the issue of adding Rs. 1.11 Crores for verification. Case-Laws Income Tax Fri, 29 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293249