Chaphekar Suspensions Pvt. Ltd. Vs. DCIT, Circle 1(1), Pune
Parties Involved
Facts Summary
Chaphekar Suspensions Pvt. Ltd., a private limited company, filed its return of income on 30.09.2022 declaring total income of Rs.2,04,38,090/-. The Commissioner of Income Tax (CPC) made an addition of Rs.13,80,741/- being belated payment of employees' contribution to PF and late payment of bonus to employees amounting to Rs.9,19,880/-. The appellant deleted the late payment of employees' contribution to PF and ESI amounting to Rs.4,60,861/- but confirmed the disallowance of late payment of bonus of Rs.9,19,880/-. The appellant filed an appeal against this order.…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the addition of Rs.9,19,880/- u/s 43B of the Income Tax Act, 1961 on account of late payment of bonus is justified?
Judgment Outcome
Decided in favour of Assessee.
Precedents Relied Upon
2 precedents cited in this judgement.
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