https://www.taxtmi.com/caselaws?id=59687 The Tribunal partly allowed the revenue's appeal. It upheld the CIT(A)'s decisions to delete the additions for processing charges and fixed payments, referencing prior decisions in favor of the assessee. However, it reversed the CIT(A)'s decision regarding the ESIC addition under section 43B, aligning with the Madras HC's judgment that payments made after the due date are not deductible. This restored the Assessing Officer's disallowance on the ESIC issue. en-us Tue, 07 Aug 2007 00:00:00 +0530 Tue, 06 Feb 2024 12:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59687 The Tribunal partly allowed the revenue's appeal. It upheld the CIT(A)'s decisions to delete the additions for processing charges and fixed payments, referencing prior decisions in favor of the assessee. However, it reversed the CIT(A)'s decision regarding the ESIC addition under section 43B, aligning with the Madras HC's judgment that payments made after the due date are not deductible. This restored the Assessing Officer's disallowance on the ESIC issue. Case-Laws Income Tax Tue, 07 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59687