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2017 (4) TMI 1278 - AT - Income TaxAddition u/s 14A - Held that:- We remit the disputed issue to the file of the Ld. AO for verification of investments of the assessee in subsidiary companies/sister concern with own funds or borrowed funds for the purpose of disallowance U/s.14A of the Act and the assessee should be provided adequate opportunity of hearing before passing the order on merits. Accordingly we remit the disputed issue for limited purpose to the file of AO and allow the ground of the Revenue for statistical purpose. Disallowance of employee's contribution u/s. 2(24)(X) for delayed payment of PF and ESI - Held that:- Under the provisions of Income Tax Act the assessee company has deposited employees contribution of ESI and EPF before time limit specified u/s.139(1) of the Act and covered by the provisions of Sec. 43B of the Act. We found similar issue was considered by the Jurisdictional High Court in the case of CIT vs. M/s. Industrial Security & Intelligence India Pvt. Ltd [2015 (7) TMI 1063 - MADRAS HIGH COURT] - Decided in favour of assessee
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