Addition towards contribution to unrecognized provident fund rightly deleted

CIT Panchkula Vs Haryana Vidyut Prasaran Nigam Ltd. (Punjab and Haryana High Court) Punjab and Haryana High Court held that ITAT rightly deleted addition towards contribution to unrecognized provident fund as assessee has duly discharged its onus. Accordingly, petition disposed of. Facts- Question of law involved in the present petition is that whether ITAT was right in law in deleting the addition of Rs.30,02,13,163/- made on account of contributions to unrecognised provident fund and unapproved pension fund, ignoring the submission of the revenue that there was no proof that the impugned cla...