Rule 87 Inapplicable for PF Disallowance, Remanded for 43B Verification; Ad-hoc Expenses Disallowance Upheld
Rule 87 Inapplicable for PF Disallowance, Remanded for 43B Verification; Ad-hoc Expenses Disallowance Upheld Issue Rule 87 & PF Disallowance: Whether the Assessing Officer was justified in invoking Rule 87 to disallow employer’s Provident Fund (PF) contributions exceeding 27% of salaries, and whether actual payment under Section 43B required verification. Ad-hoc Expense Disallowance: Whether a… Read More »