https://www.taxtmi.com/caselaws?id=282095 The Tribunal quashed the reassessment for the Asstt.Year 2006-07 as the AO failed to establish non-disclosure of material facts by the assessee. However, in the Asstt.Year 2011-12, the disallowance of employees' contribution to PF and ESIC after the due date was upheld based on the jurisdictional High Court's judgment. Regarding the disallowance of interest expenses under section 40(a)(ia) of the Act, the Tribunal directed the AO to verify if recipients had disclosed the payments in their income tax returns to determine if disallowance was warranted. The Tribunal allowed ITA No.2527/Ahd/2017 and partly allowed ITA No.2528/Ahd/20125 for statistical purposes, emphasizing adherence to tax laws and court decisions. en-us Tue, 13 Nov 2018 00:00:00 +0530 Sun, 21 Jul 2019 06:23:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282095 The Tribunal quashed the reassessment for the Asstt.Year 2006-07 as the AO failed to establish non-disclosure of material facts by the assessee. However, in the Asstt.Year 2011-12, the disallowance of employees' contribution to PF and ESIC after the due date was upheld based on the jurisdictional High Court's judgment. Regarding the disallowance of interest expenses under section 40(a)(ia) of the Act, the Tribunal directed the AO to verify if recipients had disclosed the payments in their income tax returns to determine if disallowance was warranted. The Tribunal allowed ITA No.2527/Ahd/2017 and partly allowed ITA No.2528/Ahd/20125 for statistical purposes, emphasizing adherence to tax laws and court decisions. Case-Laws Income Tax Tue, 13 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282095