https://www.taxtmi.com/caselaws?id=429043 The Tribunal ruled in favor of the appellant, setting aside the CIT(A)'s decision to disallow employee benefit expenses under section 250 of the Income Tax Act. The Tribunal held that the CIT(A) erred in not considering Section 43B and disregarding expenditure charged to the Profit and Loss Account. The delay in depositing Provident Fund/ESI Fund contributions was rectified before the return filing due date. Citing precedent, the Tribunal found in favor of the appellant, ordering the deletion of the disallowed amount and allowing the appeal. en-us Wed, 12 Oct 2022 00:00:00 +0530 Mon, 17 Oct 2022 05:06:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429043 The Tribunal ruled in favor of the appellant, setting aside the CIT(A)'s decision to disallow employee benefit expenses under section 250 of the Income Tax Act. The Tribunal held that the CIT(A) erred in not considering Section 43B and disregarding expenditure charged to the Profit and Loss Account. The delay in depositing Provident Fund/ESI Fund contributions was rectified before the return filing due date. Citing precedent, the Tribunal found in favor of the appellant, ordering the deletion of the disallowed amount and allowing the appeal. Case-Laws Income Tax Wed, 12 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429043