https://www.taxtmi.com/caselaws?id=444443 The HC ruled on two issues: First, it reversed the Tribunal's decision, siding with the appellant/revenue, by disallowing the deduction for late deposits of employees' contributions to provident fund and insurance, aligning with the SC's precedent. Second, the HC favored the respondent/assessee, permitting the deduction for provident fund contributions deposited on the day following a national holiday, as the due date fell on a holiday. The appeal concluded with these determinations, granting partial relief to both parties. en-us Tue, 05 Sep 2023 00:00:00 +0530 Mon, 16 Oct 2023 18:54:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444443 The HC ruled on two issues: First, it reversed the Tribunal's decision, siding with the appellant/revenue, by disallowing the deduction for late deposits of employees' contributions to provident fund and insurance, aligning with the SC's precedent. Second, the HC favored the respondent/assessee, permitting the deduction for provident fund contributions deposited on the day following a national holiday, as the due date fell on a holiday. The appeal concluded with these determinations, granting partial relief to both parties. Case-Laws Income Tax Tue, 05 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444443