https://www.taxtmi.com/caselaws?id=59447 The Tribunal partially allowed the revenue's appeal. It disallowed the deduction under Section 43B for belated provident fund contributions, following the jurisdictional HC's decision in Pamwi Tissues Ltd., which took precedence over the Apex Court's earlier dismissal in Vinay Cements Ltd. However, the Tribunal upheld the deduction under Section 80-IA for the assessee engaged solely in developing infrastructural facilities. It determined that the amendments to Section 80-IA allowed deductions for enterprises involved in developing, maintaining, or operating such facilities, thus dismissing the revenue's challenge on this ground. en-us Mon, 30 Jun 2008 00:00:00 +0530 Sun, 10 Dec 2023 17:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59447 The Tribunal partially allowed the revenue's appeal. It disallowed the deduction under Section 43B for belated provident fund contributions, following the jurisdictional HC's decision in Pamwi Tissues Ltd., which took precedence over the Apex Court's earlier dismissal in Vinay Cements Ltd. However, the Tribunal upheld the deduction under Section 80-IA for the assessee engaged solely in developing infrastructural facilities. It determined that the amendments to Section 80-IA allowed deductions for enterprises involved in developing, maintaining, or operating such facilities, thus dismissing the revenue's challenge on this ground. Case-Laws Income Tax Mon, 30 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59447