Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2015 (8) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (8) TMI 370 - HC - Income TaxPayment of the employees’ contribution towards Provident Fund and ESI beyond the due date - correctness of the order of the ITAT sustaining the decision of the CIT(A) that while computing the deduction under Section 80HHC amount of ₹ 58,41,674 should not be excluded from the eligible profits - Held that:- The net tax effect in relation to the two issues raised by the Revenue is only ₹ 4,81,080 which is far less than monetary limit set by the Central Board Direct Taxes, New Delhi by its Instruction No. 5/2014 dated 10th July 2014 for the filing of appeals by the Revenue.he Court is satisfied that in terms of the Instruction No.5/2014 of the CBDT, the Revenue ought not to have preferred the present appeal. - Decided against revenue.
|