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2019 (4) TMI 551 - AT - Income TaxClaim of deduction u/s 10AA on interest on FOR and Sundry balance written back - HELD THAT:- As decided in assessee's own case for Assessment Year 2010-11 [2018 (6) TMI 1027 - ITAT MUMBAI] sundry credit balance written back represented the sundry creditors related to the export business of the assessee and that the said expenses were considered as part of export business. There is nothing on record to prove that the order of the FAA is factually incorrect. Similarly, it is found that the disputed interest income was earned on fixed deposits pledged with bank or the authorised brokers, that it was a pre-requisite to carry the hedging transaction, that the revenue generated by it from overseas, that hedging transaction were entered into by the assessee as a safeguard against exchange rate fluctuation, that hedging is directly related to export business of the assessee. - Decided against revenue Disallowance u/s 43B - ESIC & PF contribution paid beyond due date - HELD THAT:- As decided in assessee's own case as relying on Hindustan Organics Chemicals Ltd.(2014 (7) TMI 477 - BOMBAY HIGH COURT) and Ghatge Patil Transporters Ltd. (2014 (10) TMI 402 - BOMBAY HIGH COURT) held that employee’s contribution to PF had to allowed as deduction, if it was paid by the employer before the due date of filing of income. - Decided against revenue.
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