2024 (1) TMI 1511

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....un Alam, Sr. DR. ORDER PER SHAMIM YAHYA, A.M. This appeal by the Assessee is directed against the order passed by the Learned Commissioner of Income Tax (Appeals)/ NFAC, New Delhi, dated 23.05.2023 and pertains to Assessment Year 2019-20. 2. Brief facts of the case are that the appellant is a partnership firm and derives its income from the business of offsets printing and publishing. ....

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....urts and Supreme Court, and in light of the newly amended provision of Explanation 5 in Section 43B, and amended clause (va) of Section 36(1), it is held the deposit of the Employees Provident Fund Contribution was never intended to be covered by the provisions of Section 43B, but was always intended to be covered by the provisions of Section 36(1)(va). Hence the deduction for the Employee's c....