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2015 (12) TMI 623 - HIGH COURT OF MADHYA PRADESHDealership deposit disallowed - ITAT deleted the addition - Held that:- The Tribunal scrutinized the record and found that apart from giving the particulars of cheque and demand draft the assesse has also furnished photocopy of Vouchers and bank statement and from these records it is found that these amounts were credited through bank transactions. It is also found in addition thereto entries of the withdrawn and deposits are available in the bank’s passbook and other bank documents filed by the assessee. That being so it is reasonable finding of facts, arrived at on due appreciation of the evidence on records and, therefore, no error is committed by the tribunal warranting reconsideration, accordingly we find no ground to go into this question.- Decided against revenue Late deposit of provident fund - ITAT deleted the addition - Held that:- Amount deposit with the statutory provident fund authority is within the period stipulated including the grace period, therefore, the reason for disallowance is not permissible and such disallowance has been interfered with. It is found by the learned tribunal that for the sum of ₹ 2,40,980 as the same was not deposited in time, no relief can be granted, but for the remaining amount deposited with the provident fund in time, as per law, the benefit is extended. This is also finding of fact based on due appreciation of the evidence and the material available on record and therefore we find no substantial question of law arising for consideration in this appeal. - Decided against revenue
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