TaxTMI 
TaxTMI 
2023 (4) TMI 247
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....affidavit filed in support of the petition and we find sufficient cause has been shown for not preferring the appeal within the period of limitation. Accordingly, the application is allowed and the delay in filing the appeal is condoned. This appeal is filed under Section 260A of the Income Tax Act, 1961 (the Act) is directed against the order dated July 19, 2022 passed by the Income Tax Appellate Tribunal, "B" Bench, Kolkata in ITA No. 520/Kol/2021 both relating to the Assessment Year 2017-2018. The revenue has raised the following substantial questions of law for consideration :- (a) WHETHER on the facts and in the circumstances of the case the Learned Income Tax Appellate Tribunal has erred in law in quashing the order passed by the ....
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..... Secondly the PF contribution received from the employees was not deposited to concerned account in due date and the amount should have been added to the total income of the assessee under Section 36(1)(va) of the Act. Further an amount was debited to the profit and loss account under the head "Air Conditioner Expenses" which being capital in nature is not allowable expenses and are required to be added back to the total income of the assessee. Therefore, the PCIT was of the view that the assessment was erroneous in so far as it was prejudicial to the interest of revenue. The assessee submitted the reply to the show-cause notice on 23.9.2021. The PCIT rejected the explanation offered and confirmed the proposal in the show-cause notice, set....
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....the assessee was also taken note of. With regard to the issues regarding the provisions for doubtful debts, the Tribunal noted that the assessee during the regular course of business as claimed to have been shown sales, in the preceding years of which, some sales turned bad and the same has been written off in the books of accounts as bad debts which the assessee is entitled for and, therefore, found the claim to be admissible. Similarly, for air-conditioner charges the assessee had filed complete details along with tax deducted on the charges paid and the bills were also placed in the form of a paper book which the Tribunal perused and found the same to be acceptable. Thus, the Tribunal concluded that on both these issues, namely with rega....