https://www.taxtmi.com/caselaws?id=299498 The Tribunal upheld the CIT(A)'s decision, ruling in favor of the assessee on all grounds. The payment of Net Present Value (NPV) was deemed a revenue expenditure, and the disallowance of employees' contribution towards Provident Fund (PF) was overturned. The Revenue's appeal was dismissed in its entirety. en-us Wed, 15 Mar 2017 00:00:00 +0530 Fri, 17 Dec 2021 08:51:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299498 The Tribunal upheld the CIT(A)'s decision, ruling in favor of the assessee on all grounds. The payment of Net Present Value (NPV) was deemed a revenue expenditure, and the disallowance of employees' contribution towards Provident Fund (PF) was overturned. The Revenue's appeal was dismissed in its entirety. Case-Laws Income Tax Wed, 15 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299498