https://www.taxtmi.com/caselaws?id=408987 The Tribunal upheld the deletion of additional depreciation claimed under section 32(1)(iia) of the Income Tax Act, citing precedents favoring the assessee. Regarding the delay in depositing ESIC and labor welfare fund contributions, the Tribunal ruled in favor of the assessee, agreeing with the Ld. CIT(A) that contributions made before the due date of filing the return of income should be allowed, directing the deletion of the addition to the total income. The Tribunal dismissed the Revenue's appeal, emphasizing the minimal amount involved and the timely deposit of contributions. en-us Wed, 02 Jun 2021 00:00:00 +0530 Fri, 25 Jun 2021 09:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408987 The Tribunal upheld the deletion of additional depreciation claimed under section 32(1)(iia) of the Income Tax Act, citing precedents favoring the assessee. Regarding the delay in depositing ESIC and labor welfare fund contributions, the Tribunal ruled in favor of the assessee, agreeing with the Ld. CIT(A) that contributions made before the due date of filing the return of income should be allowed, directing the deletion of the addition to the total income. The Tribunal dismissed the Revenue's appeal, emphasizing the minimal amount involved and the timely deposit of contributions. Case-Laws Income Tax Wed, 02 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408987