https://www.taxtmi.com/caselaws?id=308321 The appeal was partly allowed by the Tribunal. The addition of share application money under Section 68 was deemed unreasonable as the identity of the investor company was established. The disallowance of EPF contributions for delayed payment was partially upheld, with the employee's contribution being allowed. The disallowance of capital expenditure for constructing temporary sheds was directed for reassessment. The disallowance of donation expenses was overturned, considering them necessary for business expediency. However, the addition of interest on late TDS deposit was upheld as not deductible business expenditure. en-us Wed, 30 Mar 2022 00:00:00 +0530 Fri, 16 Jun 2023 07:32:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308321 The appeal was partly allowed by the Tribunal. The addition of share application money under Section 68 was deemed unreasonable as the identity of the investor company was established. The disallowance of EPF contributions for delayed payment was partially upheld, with the employee's contribution being allowed. The disallowance of capital expenditure for constructing temporary sheds was directed for reassessment. The disallowance of donation expenses was overturned, considering them necessary for business expediency. However, the addition of interest on late TDS deposit was upheld as not deductible business expenditure. Case-Laws Income Tax Wed, 30 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308321