“Section 56(1)(iv)”

Section References (mined)Section 56Section 56(1)(iv)1 judgments

BARBATE AUTOMOTIVE (INDIA) PRIVATE LTD,NAGPUR vs. DCIT/ACIT CIRCLE-3, NAGPUR

In the result, appeal filed by the assessee is dismissed

ITA 168/NAG/2024[2017-18]Status: DisposedITAT Nagpur16 May 2024AY 2017-18

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

For Appellant: Shri Sanjay ThakarFor Respondent: Shri Abhay Y. Marathe

Section 143(2)Section 143(3)Section 2(24)(x)Section 312Section 34(1)(iv)Section 36(1)(va)Section 43Section 438Section 43B

fund is to be treated as deduction (Section 36(1)(va)). The other important feature is that this distinction between the employers' contribution (Section 56(1)(iv)) and employees' contribution required to be deposited by the employer (Section 36(1)(va)) was maintained and continues to be maintained