https://www.taxtmi.com/caselaws?id=420427 The Tribunal quashed the order passed under section 263 of the Income Tax Act by the Pr. CIT, allowing the appeal of the assessee regarding the employees' PF and ESI contributions for AY 2012-13. The Tribunal found the issue debatable due to conflicting decisions and upheld the AO's decision during assessment, emphasizing that it cannot be revisited under section 263. The Tribunal considered previous High Court judgments and concluded in favor of the assessee on 17th March 2022. en-us Thu, 17 Mar 2022 00:00:00 +0530 Sat, 02 Apr 2022 08:34:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420427 The Tribunal quashed the order passed under section 263 of the Income Tax Act by the Pr. CIT, allowing the appeal of the assessee regarding the employees' PF and ESI contributions for AY 2012-13. The Tribunal found the issue debatable due to conflicting decisions and upheld the AO's decision during assessment, emphasizing that it cannot be revisited under section 263. The Tribunal considered previous High Court judgments and concluded in favor of the assessee on 17th March 2022. Case-Laws Income Tax Thu, 17 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420427