2015 (8) TMI 1451

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.... Adv. For the Respondent- Mr. C. S. Das, Adv. JUDGMENT The Court: This appeal was admitted on the following substantial questions of law: "1. Whether on the facts and in the circumstances of the case the Learned Income Tax Appellate Tribunal, "B" Bench, Kolkata erred in law as well as in facts in misinterpreting the application of section 43(B)(b) of Income Tax Act, 1961 while consider....

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....ta vs. Vijay Shree Ltd.: 224 Taxman 12 [Cal.] wherein Court held that the amount paid for employees contribution beyond due date was deductible by invoking the amended provisions of section 43B of the Income Tax Act, 1961 and thus, the issues stand covered in favour of the assessee. It is to be noted that the jurisdictional Court while passing the judgment in C.I.T. vs. Vijay Shree [supra] had fol....