https://www.taxtmi.com/caselaws?id=275501 The appeal was partly allowed in the case, with the tribunal ruling in favor of the assessee on certain issues. The additions under section 41(1) related to outstanding amounts treated as bogus liabilities were deleted based on a Co-ordinate Bench decision. The disallowance of ESI and PF contributions was also overturned following a decision by the Hon'ble Rajasthan High Court. However, the disallowance of interest on late TDS payments was upheld, while interest on late ESI payments was allowed, in line with relevant court decisions. en-us Tue, 24 Jul 2018 00:00:00 +0530 Fri, 05 Oct 2018 07:33:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275501 The appeal was partly allowed in the case, with the tribunal ruling in favor of the assessee on certain issues. The additions under section 41(1) related to outstanding amounts treated as bogus liabilities were deleted based on a Co-ordinate Bench decision. The disallowance of ESI and PF contributions was also overturned following a decision by the Hon'ble Rajasthan High Court. However, the disallowance of interest on late TDS payments was upheld, while interest on late ESI payments was allowed, in line with relevant court decisions. Case-Laws Income Tax Tue, 24 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275501