https://www.taxtmi.com/caselaws?id=432373 The tribunal upheld the CIT(A)'s decision, allowing the payment of Rs. 3 crores as a business expenditure under section 37(1) of the Income Tax Act, 1961, and the late deposit of the provident fund amount as a deduction. The tribunal found the payments were made in the normal course of business, not for any illegal purpose, and dismissed the Revenue's appeal in full. en-us Thu, 15 Dec 2022 00:00:00 +0530 Wed, 04 Jan 2023 08:29:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432373 The tribunal upheld the CIT(A)'s decision, allowing the payment of Rs. 3 crores as a business expenditure under section 37(1) of the Income Tax Act, 1961, and the late deposit of the provident fund amount as a deduction. The tribunal found the payments were made in the normal course of business, not for any illegal purpose, and dismissed the Revenue's appeal in full. Case-Laws Income Tax Thu, 15 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432373