https://www.taxtmi.com/caselaws?id=422356 Processing under section 143(1) requires compliance with the limited adjustment regime and a reasoned disposal of objections, because rejection of assessee objections is a quasi-judicial function. A standard template order without specific reasons is inadequate. A tax audit report is only an independent professional report and does not, by itself, bind the assessee or override binding jurisdictional High Court law. On the facts, delayed employees' provident fund and ESIC payments reported in the audit report did not justify disallowance under section 143(1)(a)(iv) where the jurisdictional law treated such payments as deductible if made before the return-filing due date. en-us Fri, 06 May 2022 00:00:00 +0530 Mon, 09 May 2022 18:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422356 Processing under section 143(1) requires compliance with the limited adjustment regime and a reasoned disposal of objections, because rejection of assessee objections is a quasi-judicial function. A standard template order without specific reasons is inadequate. A tax audit report is only an independent professional report and does not, by itself, bind the assessee or override binding jurisdictional High Court law. On the facts, delayed employees' provident fund and ESIC payments reported in the audit report did not justify disallowance under section 143(1)(a)(iv) where the jurisdictional law treated such payments as deductible if made before the return-filing due date. Case-Laws Income Tax Fri, 06 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422356