https://www.taxtmi.com/caselaws?id=434706 The Tribunal partly allowed the Assessee's appeal against the disallowance of compensation expenses incurred under Section 37/28 of the Income Tax Act for the Assessment Year 2013-14. The Tribunal deemed the compensation as a legitimate business expenditure, supported by evidence of profitable transactions. However, the appeal regarding the disallowance of employee's PF contribution was dismissed based on legal precedent, and details on the levying of interest under u/s.234A/B/C were not elaborated in the judgment. en-us Wed, 22 Feb 2023 00:00:00 +0530 Wed, 01 Mar 2023 19:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434706 The Tribunal partly allowed the Assessee's appeal against the disallowance of compensation expenses incurred under Section 37/28 of the Income Tax Act for the Assessment Year 2013-14. The Tribunal deemed the compensation as a legitimate business expenditure, supported by evidence of profitable transactions. However, the appeal regarding the disallowance of employee's PF contribution was dismissed based on legal precedent, and details on the levying of interest under u/s.234A/B/C were not elaborated in the judgment. Case-Laws Income Tax Wed, 22 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434706