https://www.taxtmi.com/caselaws?id=414204 The ITAT ruled in favor of the assessee, directing the deletion of the disallowance under section 36(1)(va) of the Act for delayed deposit of employees' contribution of EPF and ESI. The ITAT emphasized the importance of actual payment for expenditure allowance, following the precedent set by a previous Tribunal decision favoring the assessee. The decision was based on the principle that in case of conflicting judgments, the one favoring the assessee should be applied, and as the Revenue failed to challenge the relevant precedent, the appeal was allowed in favor of the assessee. en-us Wed, 27 Oct 2021 00:00:00 +0530 Sat, 30 Oct 2021 15:48:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414204 The ITAT ruled in favor of the assessee, directing the deletion of the disallowance under section 36(1)(va) of the Act for delayed deposit of employees' contribution of EPF and ESI. The ITAT emphasized the importance of actual payment for expenditure allowance, following the precedent set by a previous Tribunal decision favoring the assessee. The decision was based on the principle that in case of conflicting judgments, the one favoring the assessee should be applied, and as the Revenue failed to challenge the relevant precedent, the appeal was allowed in favor of the assessee. Case-Laws Income Tax Wed, 27 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414204