https://www.taxtmi.com/caselaws?id=422348 The Tribunal ruled in favor of the assessee, quashing the addition of late payment of employees' PF and ESI contributions under section 36(1)(va) of the Income Tax Act. It also invalidated the intimation under section 143(1) and subsequent NFAC proceedings, citing non-compliance with procedural requirements and principles of natural justice. The Tribunal found in favor of the assessee on both issues, emphasizing the importance of adherence to statutory provisions and fundamental principles in tax proceedings. en-us Wed, 27 Apr 2022 00:00:00 +0530 Fri, 13 May 2022 07:51:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422348 The Tribunal ruled in favor of the assessee, quashing the addition of late payment of employees' PF and ESI contributions under section 36(1)(va) of the Income Tax Act. It also invalidated the intimation under section 143(1) and subsequent NFAC proceedings, citing non-compliance with procedural requirements and principles of natural justice. The Tribunal found in favor of the assessee on both issues, emphasizing the importance of adherence to statutory provisions and fundamental principles in tax proceedings. Case-Laws Income Tax Wed, 27 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422348