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2018 (6) TMI 538 - AT - Income TaxContribution of State Renewal Fund - Allowable expenses u/s 37(1) - Held that:- CIT (Appeals) has allowed the claim of the assessee by following the earlier orders for the assessment years 2011-12 and 2012-13 [2017 (8) TMI 1382 - ITAT JAIPUR] as held State Renewal Fund was set up to provide safety to the employees working under the state owned entities in case of restructuring/wind-up/closure of the undertaking Disallowance of employees’ contribution to PF and ESI - delayed payment - Held that:- This issue is now covered by the decision of CIT vs. State bank of Bikaner & Jaipur [2014 (5) TMI 222 - RAJASTHAN HIGH COURT] as well as the decision in case of CIT Jaipur Vidyut Vitran Nigam Ltd. [2014 (1) TMI 1085 - RAJASTHAN HIGH COURT] as held where Contribution were paid by the assessee before filing of the return and proof of payment was submitted before the Assessing Officer, the amounts were deductible as deduction - Decided in favour of assessee. Contribution of Energy Conservation Fund - Held that:- Identical issue has been considered by this Tribunal in assessee’s own case for the assessment year 2008-09 [2017 (8) TMI 1382 - ITAT JAIPUR] wherein disallowance on account of contribution to energy conservation fund made by the Assessing Officer is directed to be deleted as held contribution to the fund set up for products which was also the business of the assessee has direct nexus to the advancement of the assessee business - Decided in favour of assessee Addition on account of Publicity and Advertisement expenses - Held that:- As decided in assessee's own case one of the business objects of the assessee company is to promote and facilitate energy conservation and popularize the usage of renewable energy sources & encourage companies to set up renewable energy plants. As part of its activities, the assessee company has incurred the publicity and advertisement expenditure during the year. CIT(A) has given a findings on perusal of ledger account that these expenditure largely related to payment to advertising agencies and printing and publishing agencies. The said finding of the ld CIT(A) remain uncontroverted before us. - Decided in favour of assessee
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