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2016 (1) TMI 775 - AT - Income TaxDisallowance u/s 43B - Held that:- Deduction on account of contribution to EPF, though deposited late, is allowable u/s 36(1)(va), 43B of the Act. Consequently, we are of the considered view, addition made by the A.O. and confirmed by Ld. CIT(A) is to be allowed as deduction. Loss of fixed asset - Held that:- The assessee claimed loss of fixed asset but the same has been made as addition to his income on the ground that the same has not been added back to the income of the assessee in computation sheet. When the amount of ₹ 2810/- has not been added back to the income of the assessee in computation sheet, the same has been rightly added to the income of the assessee and rightly confirmed by Ld. CIT(A).
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