https://www.taxtmi.com/caselaws?id=787602 Delayed remittance of employees' contribution to provident fund remains disallowable to that extent, while amounts deposited within the due date are not hit by the same disallowance. For section 115JB purposes, reduction from book profit on account of withdrawal from reserves depends on evidence that the amount was credited to the profit and loss account and formed part of net profit; absent such proof, the adjustment cannot be allowed and verification by the Assessing Officer may be directed. A verification direction regarding brought forward business losses and unabsorbed depreciation can be sustained when made in the interest of justice. Deletion of an addition relating to extraordinary items was upheld where the assessee had filed material and had not been given effective opportunity. en-us Thu, 18 Dec 2025 00:00:00 +0530 Tue, 10 Mar 2026 08:51:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787602 Delayed remittance of employees' contribution to provident fund remains disallowable to that extent, while amounts deposited within the due date are not hit by the same disallowance. For section 115JB purposes, reduction from book profit on account of withdrawal from reserves depends on evidence that the amount was credited to the profit and loss account and formed part of net profit; absent such proof, the adjustment cannot be allowed and verification by the Assessing Officer may be directed. A verification direction regarding brought forward business losses and unabsorbed depreciation can be sustained when made in the interest of justice. Deletion of an addition relating to extraordinary items was upheld where the assessee had filed material and had not been given effective opportunity. Case-Laws Income Tax Thu, 18 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787602