https://www.taxtmi.com/caselaws?id=442580 The appeal was allowed in favor of the assessee. The addition on account of upward adjustment in relation to outstanding receivables was deleted as the adjustment made on interest was deemed unwarranted. However, the disallowance of employee's contribution to PF was upheld based on a precedent set by the apex court. The order was pronounced on 17th April 2023 at Ahmedabad. en-us Mon, 17 Apr 2023 00:00:00 +0530 Mon, 04 Sep 2023 16:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442580 The appeal was allowed in favor of the assessee. The addition on account of upward adjustment in relation to outstanding receivables was deleted as the adjustment made on interest was deemed unwarranted. However, the disallowance of employee's contribution to PF was upheld based on a precedent set by the apex court. The order was pronounced on 17th April 2023 at Ahmedabad. Case-Laws Income Tax Mon, 17 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442580