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2014 (10) TMI 916 - HC - Income TaxPayment of P.F.,E.S.I.,Sales Tax and other statutory liabilities - Held that:- The issue raised is covered by the judgement of the Hon’ble Supreme Court in the case of CiT v. Alom Extrusion Ltd. (2009 (11) TMI 27 - SUPREME COURT) as well as Commissioner of Income Tax, Circle-I, Kolkata v. M/s. Vijay Shree Limited (2011 (9) TMI 30 - CALCUTTA HIGH COURT ) following the judgement in CIT v. Alom Extrusion Ltd. (2009 - TMI - 35073 - SUPREME COURT) wherein held that the amendment to the second proviso to the Sec 43(B) of the Income Tax Act, as introduced by Finance Act, 2003, was curative in nature and is required to be applied retrospectively with effect from 1st April, 1988 - Such being the position, the deletion of the amount paid by the Employees' Contribution beyond due date was deductible by invoking the aforesaid amended provisions of Section 43(B) of the Act - Decided in favour of assessee. Addition under the head “Air Craft Flying Rights Charges - Held that:- Tribunal was justified in law in confirming the order of the CIT (A) against deletion of addition under the head “Air Craft Flying Rights Charges
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