https://www.taxtmi.com/caselaws?id=787602 Disallowance of delayed employee provident fund contributions was partly upheld for a small confirmed amount while the larger pension-related PF claim was allowed after documentary substantiation; reduction from book profit under Explanation 1 to sub-section (2) of section 115JB for amounts withdrawn from reserves was not accepted on present evidence and an addition was confirmed for present purposes with a direction to the Assessing Officer to verify whether such withdrawals were credited to profit and loss and included in net profit; the direction to verify and allow eligible brought forward business losses and unabsorbed depreciation (including pre-demerger amounts) is sustained; deletion of the disallowance of extraordinary loss was upheld. 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 Disallowance of delayed employee provident fund contributions was partly upheld for a small confirmed amount while the larger pension-related PF claim was allowed after documentary substantiation; reduction from book profit under Explanation 1 to sub-section (2) of section 115JB for amounts withdrawn from reserves was not accepted on present evidence and an addition was confirmed for present purposes with a direction to the Assessing Officer to verify whether such withdrawals were credited to profit and loss and included in net profit; the direction to verify and allow eligible brought forward business losses and unabsorbed depreciation (including pre-demerger amounts) is sustained; deletion of the disallowance of extraordinary loss was upheld. Case-Laws Income Tax Thu, 18 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787602