Precisely Software and Date India P. Ltd. Vs. Deputy Commissioner of Income Tax
Case No: ITA No. 7130/DEL/2025 (A.Y.2018-19)
Court: Income Tax Appellate Tribunal, Delhi Bench 'C', Delhi
Bench: Delhi Bench 'C', Delhi
Date: 2/25/2026
Parties Involved
appellantPrecisely Software and Date India P. Ltd.
respondentDeputy Commissioner of Income Tax
Facts Summary
The assessee filed its original return of income u/s.139(1) of the Income Tax Act,1961 on 30.11.2018. During the year under consideration, the assessee had created a provision of gratuity amounting to Rs.4,85,07,732/- in its books of account and made payment of gratuity of Rs.2,11,73,402/-. While filing return of income the assessee had suo moto disallowed payments of contribution towards Provident Fund and Gratuity Fund amounting to Rs.2,73,34,330/-. In intimation issued u/s.143(1) of the Act t…
Decision in favour of
Assessee
Legal Issues
- 1. Condonation of delay in filing appeal before CIT(A)
- 2. Disallowance of Rs.4,85,07,732/- made by CPC
Precedents Relied Upon
4 precedents cited in this judgement.