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2017 (11) TMI 389 - HC - Income TaxAddition on depositing the employee’s contribution to PF and ESI beyond the prescribed time limit provided in the respective Acts - Held that:- If the amount has been deposited on or before the due date of filing the return under Section 139 and admittedly it was deposited on or before the due date then the amount cannot be disallowed under Section 43B of the I.T. Act or under Section 36(1)(va) of the Act. See Commissioner of Income Tax, Jaipur-II, Jaipur vs. Jaipur Vidyut Vitran Nigam Ltd. [ 2014 (1) TMI 1085 - RAJASTHAN HIGH COURT ] - Decided in favour of assessee. Addition on account of front end fees paid in HIDSCO for raising the loan holding it to be revenue expenditure - Held that:- The assessee has raised loan of ₹ 300 crores for improvement in transmission, network and infrastructure. The assessee paid this amount to HUDCO, which was pre-decided condition on the loan sanctioned. The learned CIT DR has not controverted the findings by the learned CIT(A) in his order. Further the laws relied upon by the AR for the assessee are squarely applicable on it being identical issue, therefore we uphold the order of the learned CIT(A).
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