ITO, WARD-2(2), BHUBANESWAR, BHUBANESWAR vs. BISWAJIT DAS, BHUBANESWAR

In the result, the appeal filed by the revenue is dismissed and the

Bench: Shri N.S Saini & Shri Aby T. Varkeyassessment Year :2010-2011

2(24)(x) in the case of the employees' contribution which have been deemed to be the income of the assessee - plain consequence of the disallowance and the add back that has been made by the AO is an increase in the business profits of the assessee - Exemption under section 10A is allowable with reference to such enhanced income

BISWAJIT DAS,BHUBANESWAR vs. ITO, WARD-1(1), BHUBANESWAR, BHUBANESWAR