https://www.taxtmi.com/caselaws?id=753457 ITAT Ahmedabad ruled on three issues: (1) For section 40(a)(ia) deductions, assessee was granted another opportunity to provide TDS payment details and breakup before AO, as revenue failed to perform reverse calculation despite assessee's belated TDS deposits; (2) Addition under section 36(1)(va) for delayed PF contribution was upheld following Gujarat HC precedent in CIT vs. Gujarat State Road Transport Corporation; (3) Waiver of unsecured loan was held not taxable under section 28(iv) as benefit was in cash form, and section 41(1) was not invoked by authorities below, resulting in deletion of addition. en-us Fri, 12 Jan 2024 00:00:00 +0530 Sat, 01 Jun 2024 13:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753457 ITAT Ahmedabad ruled on three issues: (1) For section 40(a)(ia) deductions, assessee was granted another opportunity to provide TDS payment details and breakup before AO, as revenue failed to perform reverse calculation despite assessee's belated TDS deposits; (2) Addition under section 36(1)(va) for delayed PF contribution was upheld following Gujarat HC precedent in CIT vs. Gujarat State Road Transport Corporation; (3) Waiver of unsecured loan was held not taxable under section 28(iv) as benefit was in cash form, and section 41(1) was not invoked by authorities below, resulting in deletion of addition. Case-Laws Income Tax Fri, 12 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753457