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2016 (1) TMI 1282 - ITAT JAIPURContribution to State Renewable Fund - Held that:- The issue is already considered by the Coordinate Bench in assessee’s own case in A.Y. 2005-06 and 2006-07, which is squarely covered in favour of the assessee. Addition on account of gratuity fund - Held that:- The issue is already considered by the Coordinate Bench in assessee’s own case in A.Y. 2005-06 and 2006-07, which is squarely covered in favour of the assessee. As per Section 36(1)(v), such payment is allowable if paid for the approved gratuity fund. See Commissioner of Income-Tax Versus Electra (Jaipur) (P.) Ltd. [2005 (7) TMI 55 - ALLAHABAD High Court]. Addition of prior period expenses - Held that:- There is no revenue loss in allowing the prior period expenses in subsequent year. The genuineness of the expenses have not been doubted by the lower authorities. Therefore, we uphold the order of the ld CIT(A) in allowing claim. See CIT Vs. Excel Industries Ltd. [2013 (10) TMI 324 - SUPREME COURT ] Addition on account of employee’s contribution and ESI beyond the prescribed time limit - Held that:- The assessee had paid ESI and PF before due date of filing of return of income tax. Revenue appeal dismissed.
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