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2015 (11) TMI 1664 - ITAT JAIPURContribution to State Renewal Fund - allowable expenditure - Held that:- ITAT Jaipur Bench has decided this issue in assessee's own case for the assessment year 2005-06 in favour of the assessee as the amount was set apart not for shareholder but it was provided for the benefits of the employees, by following our earlier decisions, we uphold the order of CIT(A) on this issue. - Decided against revenue Deduction for the contribution made to an unapproved gratuity fund.- Held that:- As decided in assessee's own case for the assessment year 2005-06 in favour of the assessee wherein held assessee had already applied for the approval, thus there was no lapse on the part of the assessee - Decided against revenue Prior period expenses - allowable business expenditure - Held that:- The approval for payment of these expenditure were given during the year and therefore the liability crystalised during the year in view of these facts and the consistent view of this Bench that the liability crystalised on approval of payment, we find no infirmity in the order of ld.CIT (A) deleting the disallowance - Decided against revenue
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