https://www.taxtmi.com/caselaws?id=414716 The Tribunal allowed the appeal, ruling in favor of the appellant, and set aside the penalty imposed under Section 271(1)(c) for disallowances related to provision of interest on advances to related parties, miscellaneous balances written off, and belated payment of employees' contributions towards PF and ESIC. The penalty was deemed unwarranted as the disallowances did not meet the necessary conditions. en-us Wed, 20 Oct 2021 00:00:00 +0530 Mon, 15 Nov 2021 09:10:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414716 The Tribunal allowed the appeal, ruling in favor of the appellant, and set aside the penalty imposed under Section 271(1)(c) for disallowances related to provision of interest on advances to related parties, miscellaneous balances written off, and belated payment of employees' contributions towards PF and ESIC. The penalty was deemed unwarranted as the disallowances did not meet the necessary conditions. Case-Laws Income Tax Wed, 20 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414716