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TMI Blog2012 (9) TMI 1076X X X X Extracts X X X X X X X X Extracts X X X X ..... bunal ("the Tribunal" for short) dated 21-1-2011 raising following questions for our consideration : "(A) Whether the Appellate Tribunal is right in law and on facts in deleting the disallowance of Rs. 46,964/- u/s. 36(1)(va) as the payment of P.F. deducted from the employee's contribution were deposited in the Government Account after the due date? (B) Whether the Appellate Tribunal is ri ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... peal before the Tribunal at the hands of the revenue, the Tribunal noted that the issue was squarely covered by the decision of the Gujarat High Court rendered in Tax Appeal No.703 of 2009 dated 02-08-2009 in case of this very assessee for earlier year. The High Court had rejected the revenue's appeal, observing that the assessee was in the business of purchasing the land suitable for setting ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Tribunal confirmed the appellate order relying on the earlier decisions of the Tribunal on the issue. The Tribunal noted that the provisions of section 50C of the Act will apply to a seller only and not to a purchaser. 6. As is well known, section 50C of the Act makes special provision for full value of consideration in certain cases. Sub-section (1) thereof provides that where the considera ..... X X X X Extracts X X X X X X X X Extracts X X X X
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