https://www.taxtmi.com/caselaws?id=301419 The Tribunal allowed the appeal of the assessee, focusing on the addition of employee contributions to PF and ESI due to delay in deposit. The decision emphasized following judicial precedents and interpreting relevant sections of the Income Tax Act. The Tribunal directed the Assessing Officer to allow the claim and delete the addition, citing various judgments, including a decision of the Hon'ble Delhi High Court. The ruling favored the assessee, highlighting the legislative intent regarding delayed payments of employee contributions. en-us Fri, 30 Jul 2021 00:00:00 +0530 Mon, 04 Apr 2022 09:12:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301419 The Tribunal allowed the appeal of the assessee, focusing on the addition of employee contributions to PF and ESI due to delay in deposit. The decision emphasized following judicial precedents and interpreting relevant sections of the Income Tax Act. The Tribunal directed the Assessing Officer to allow the claim and delete the addition, citing various judgments, including a decision of the Hon'ble Delhi High Court. The ruling favored the assessee, highlighting the legislative intent regarding delayed payments of employee contributions. Case-Laws Income Tax Fri, 30 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301419