Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2015 (9) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (9) TMI 1481 - AT - Income TaxPayment of Privilege fees paid to the State Government - - Nature of expenditure - Held that:- As decided in Rajasthan State Beverages Corporation Ltd [2013 (9) TMI 557 - ITAT JAIPUR ] there is no contravention in paying the privilege fee as the fee is paid under section 24 of the Excise and the provisions of section 28, 29 are not applicable as they are on separate aspect - held as business expenditure - Decided in favour of assessee. Addition in respect of depositing the ESI and PF - Held that:- As the assessee deposited the payment of PF and ESI before the due date of filing of return for the impugned assessment year which is in accordance with the provisions of section 43B of the Act addition need to be deleted. See CIT Versus Vinay Cement Ltd.[2007 (3) TMI 346 - Supreme Court of India ] - Decided in favour of assessee.
|