https://www.taxtmi.com/caselaws?id=304611 The Tribunal ruled in favor of the Assessee on both grounds. Firstly, the deduction of Provident Fund expenses was allowed as the Assessee's fund, established under the Employees' Provident Fund Act, met the conditions for recognition. Secondly, the addition of interest income from sources other than co-operative societies was denied, along with the denial of proportionate deduction of expenses. The Tribunal held that the Assessee should be allowed the proportionate expenses, resulting in the deletion of the interest income addition. en-us Thu, 01 Nov 2018 00:00:00 +0530 Mon, 10 Oct 2022 20:58:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304611 The Tribunal ruled in favor of the Assessee on both grounds. Firstly, the deduction of Provident Fund expenses was allowed as the Assessee's fund, established under the Employees' Provident Fund Act, met the conditions for recognition. Secondly, the addition of interest income from sources other than co-operative societies was denied, along with the denial of proportionate deduction of expenses. The Tribunal held that the Assessee should be allowed the proportionate expenses, resulting in the deletion of the interest income addition. Case-Laws Income Tax Thu, 01 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304611