https://www.taxtmi.com/caselaws?id=405194 The Karnataka High Court, consisting of Mr. Justice Alok Aradhe and Mr. Justice Nataraj Rangaswamy, dismissed the revenue's appeal against the Income Tax Appellate Tribunal's order. The Court ruled in favor of the assessee on the interpretation of Section 43B of the Income Tax Act, 1961, regarding the deduction of employees' contributions towards PF and ESI. Additionally, the Court upheld the allowability of deduction even when the matter is pending before the Supreme Court, based on previous judgments. The substantial questions of law were decided against the revenue and in favor of the assessee. en-us Tue, 16 Feb 2021 00:00:00 +0530 Fri, 12 Mar 2021 14:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405194 The Karnataka High Court, consisting of Mr. Justice Alok Aradhe and Mr. Justice Nataraj Rangaswamy, dismissed the revenue's appeal against the Income Tax Appellate Tribunal's order. The Court ruled in favor of the assessee on the interpretation of Section 43B of the Income Tax Act, 1961, regarding the deduction of employees' contributions towards PF and ESI. Additionally, the Court upheld the allowability of deduction even when the matter is pending before the Supreme Court, based on previous judgments. The substantial questions of law were decided against the revenue and in favor of the assessee. Case-Laws Income Tax Tue, 16 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405194