https://www.taxtmi.com/caselaws?id=460041 The ITAT Delhi ruled on multiple issues in this tax appeal. The tribunal allowed reversal of bad debt provisions since income was already offered in earlier years. For traffic challans, the matter was remanded to verify documents, following precedent that compounding fees under Motor Vehicles Act are allowable business expenditure. Customer deposits disallowance was rejected as revenue failed to prove liability cessation. Inventory loss write-offs were allowed as actual business losses. Repair maintenance disallowance was rejected due to lack of logic without pointing account defects. Staff welfare expenses disallowance was deleted as it was made ad-hoc without rejecting books. However, delayed PF/ESI payment disallowance was upheld following Supreme Court precedent in Checkmate Services case. en-us Tue, 05 Mar 2024 00:00:00 +0530 Wed, 08 Jan 2025 18:56:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460041 The ITAT Delhi ruled on multiple issues in this tax appeal. The tribunal allowed reversal of bad debt provisions since income was already offered in earlier years. For traffic challans, the matter was remanded to verify documents, following precedent that compounding fees under Motor Vehicles Act are allowable business expenditure. Customer deposits disallowance was rejected as revenue failed to prove liability cessation. Inventory loss write-offs were allowed as actual business losses. Repair maintenance disallowance was rejected due to lack of logic without pointing account defects. Staff welfare expenses disallowance was deleted as it was made ad-hoc without rejecting books. However, delayed PF/ESI payment disallowance was upheld following Supreme Court precedent in Checkmate Services case. Case-Laws Income Tax Tue, 05 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460041