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2022 (5) TMI 598 - AT - Income TaxEligibility to claim deduction of Employees' Contribution to PF/ESI in terms of Sec. 43B r.w.s. 36(1)(va) as well as 2(24)(x) - HELD THAT:- As relying on M/S BENCO THERMAL TECHNOLOGIES PVT. LTD. VERSUS ASST. DIRECTOR OF INCOME TAX, BENGALURU [2022 (2) TMI 1217 - ITAT CHENNAI] we direct revenue authorities to allow the deduction of Employees' Contribution to welfare funds like PF/ESI as claimed by the assessee in the return of income. The issue, on merits, stands decided in assessee's favor. Considering the submissions of Ld. Sr. DR, a liberty is given to revenue to seek rectification of this order in accordance with law for any valid reasons or in case the dues are found to have been deposited by the assessee beyond due date of furnishing of return of income u/s. 139(1). Assesse appeal allowed.
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