https://www.taxtmi.com/caselaws?id=236227 The department's appeal against the late payment of PF and ESIC contributions was dismissed by the Tribunal. The Tribunal upheld the CIT(A)'s decision, emphasizing timely payment before the return filing deadline exempted disallowance, in line with relevant precedents and Supreme Court rulings. Regarding the assessee's appeal on the reopening of assessment and disallowance of depreciation on motor cars, the Tribunal ruled in favor of the assessee. It found the reassessment unjustified and the disallowed depreciation unwarranted, quashing the assessment and partially allowing the assessee's appeal. en-us Wed, 24 Jul 2013 00:00:00 +0530 Mon, 19 Aug 2013 08:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236227 The department's appeal against the late payment of PF and ESIC contributions was dismissed by the Tribunal. The Tribunal upheld the CIT(A)'s decision, emphasizing timely payment before the return filing deadline exempted disallowance, in line with relevant precedents and Supreme Court rulings. Regarding the assessee's appeal on the reopening of assessment and disallowance of depreciation on motor cars, the Tribunal ruled in favor of the assessee. It found the reassessment unjustified and the disallowed depreciation unwarranted, quashing the assessment and partially allowing the assessee's appeal. Case-Laws Income Tax Wed, 24 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236227