https://www.taxtmi.com/caselaws?id=458474 The ITAT Jaipur dismissed revenue's appeal on two grounds. Regarding delayed employee PF/ESI contributions, the tribunal upheld CIT(A)'s decision following Rajasthan HC precedent that such contributions are governed by section 43B, not section 36(1)(va), and deletions are permissible if payments were made before return filing due date. On advance against depreciation, the tribunal confirmed CIT(A)'s deletion of addition, following SC precedent in National Hydro Electric Power Corporation case that such advances cannot be added to normal income computation. Both revenue grounds were dismissed. en-us Tue, 08 May 2018 00:00:00 +0530 Tue, 29 Oct 2024 19:15:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458474 The ITAT Jaipur dismissed revenue's appeal on two grounds. Regarding delayed employee PF/ESI contributions, the tribunal upheld CIT(A)'s decision following Rajasthan HC precedent that such contributions are governed by section 43B, not section 36(1)(va), and deletions are permissible if payments were made before return filing due date. On advance against depreciation, the tribunal confirmed CIT(A)'s deletion of addition, following SC precedent in National Hydro Electric Power Corporation case that such advances cannot be added to normal income computation. Both revenue grounds were dismissed. Case-Laws Income Tax Tue, 08 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458474