https://www.taxtmi.com/caselaws?id=426018 The Tribunal allowed the appeal filed by the assessee, setting aside the order of the National Faceless Appeal Centre (NFAC) for AY 2017-18. It held that the disallowance of Rs. 38,18,955 for employees' contribution to Provident Fund was not justified, emphasizing timely payments and citing relevant decisions of the jurisdictional Bombay High Court. The Tribunal concluded that the lower authorities should follow High Court decisions, ultimately ruling in favor of the appellant and pronouncing the decision on August 3, 2022. en-us Wed, 03 Aug 2022 00:00:00 +0530 Fri, 05 Aug 2022 18:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426018 The Tribunal allowed the appeal filed by the assessee, setting aside the order of the National Faceless Appeal Centre (NFAC) for AY 2017-18. It held that the disallowance of Rs. 38,18,955 for employees' contribution to Provident Fund was not justified, emphasizing timely payments and citing relevant decisions of the jurisdictional Bombay High Court. The Tribunal concluded that the lower authorities should follow High Court decisions, ultimately ruling in favor of the appellant and pronouncing the decision on August 3, 2022. Case-Laws Income Tax Wed, 03 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426018