https://www.taxtmi.com/caselaws?id=429879 The Appellate Tribunal allowed the Assessee's appeal, overturning the addition of Rs 65,161 for delay in depositing Employee's Contribution to PF/ESI Act. The Tribunal held that Employee Contribution to PF/ESI is deductible under Section 43B of the ITA 1961, supported by precedents and legal provisions. The dismissal of the SLP filed against the Supreme Court's decision further strengthened the Assessee's position. The Tribunal's decision was based on statutory interpretation and legal principles, setting aside the DCIT's addition under section 143(1) of the Income-tax Act, 1961. en-us Mon, 19 Sep 2022 00:00:00 +0530 Mon, 07 Nov 2022 09:12:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429879 The Appellate Tribunal allowed the Assessee's appeal, overturning the addition of Rs 65,161 for delay in depositing Employee's Contribution to PF/ESI Act. The Tribunal held that Employee Contribution to PF/ESI is deductible under Section 43B of the ITA 1961, supported by precedents and legal provisions. The dismissal of the SLP filed against the Supreme Court's decision further strengthened the Assessee's position. The Tribunal's decision was based on statutory interpretation and legal principles, setting aside the DCIT's addition under section 143(1) of the Income-tax Act, 1961. Case-Laws Income Tax Mon, 19 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429879