Software & Consultancy Expenses Held Revenue & PF Delay Due to Sunday Accepted as Valid: ITAT Ahmedabad

ACIT Vs Unimed Technologies Ltd. (ITAT Ahmedabad) Unimed Technologies Ltd., engaged in manufacture & trade of pharmaceuticals, faced four disallowances in reassessment—(i) ₹55.53 lakh for post-slump-sale loss, (ii) ₹7.46 lakh employees’ PF contribution delay, (iii) ₹14.49 lakh software expenses, & (iv) ₹4.18 crore consultancy fee for US-FDA approval. CIT(A)’s order: Allowed software & consultancy expenses as revenue; upheld PF & slump-sale loss disallowances. Both Assessee & Department appealed. Assessee’s Appeal Pro-rata loss ₹55.53 lakh: ITAT found AOâ€...