https://www.taxtmi.com/caselaws?id=395866 Small employee-origin receipts were not sustained as unexplained cash credits where identity evidence existed and the Assessing Officer made no effective enquiry, so the addition was deleted. Amounts described in the books as leave encashment and gratuity were accepted as employment-related payments with incorrect narration, and those additions were also deleted. Employees' provident fund and ESI contributions paid after the statutory due date remained subject to verification of actual dates and applicable law, so the issue was remanded. TDS-related disallowance for audit and legal fees was confined to the restricted disallowance contemplated by the curative amendment, reducing the harsh full disallowance. Penalty could not survive once the underlying additions were deleted or displaced, so it was cancelled. en-us Fri, 05 Jun 2020 00:00:00 +0530 Wed, 06 Nov 2024 10:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395866 Small employee-origin receipts were not sustained as unexplained cash credits where identity evidence existed and the Assessing Officer made no effective enquiry, so the addition was deleted. Amounts described in the books as leave encashment and gratuity were accepted as employment-related payments with incorrect narration, and those additions were also deleted. Employees' provident fund and ESI contributions paid after the statutory due date remained subject to verification of actual dates and applicable law, so the issue was remanded. TDS-related disallowance for audit and legal fees was confined to the restricted disallowance contemplated by the curative amendment, reducing the harsh full disallowance. Penalty could not survive once the underlying additions were deleted or displaced, so it was cancelled. Case-Laws Income Tax Fri, 05 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395866