https://www.taxtmi.com/caselaws?id=412194 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions on both issues. Regarding the deletion of additions towards loans and advances under Section 2(22)(e) of the Income Tax Act, the Tribunal held that the transactions between the parties were commercial in nature and not subject to Section 2(22)(e). Concerning additions for belated payment of employees' contribution to PF & ESI under Section 36(1)(va) read with Section 43B(b), the Tribunal affirmed that such payments, if made before the due date of filing the return, are allowable deductions, disregarding the Board's Circular No. 22/2015. en-us Wed, 08 Sep 2021 00:00:00 +0530 Mon, 13 Sep 2021 09:21:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412194 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions on both issues. Regarding the deletion of additions towards loans and advances under Section 2(22)(e) of the Income Tax Act, the Tribunal held that the transactions between the parties were commercial in nature and not subject to Section 2(22)(e). Concerning additions for belated payment of employees' contribution to PF & ESI under Section 36(1)(va) read with Section 43B(b), the Tribunal affirmed that such payments, if made before the due date of filing the return, are allowable deductions, disregarding the Board's Circular No. 22/2015. Case-Laws Income Tax Wed, 08 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412194