https://www.taxtmi.com/caselaws?id=428190 The ITAT upheld the Principal CIT's decision under section 263, deeming the assessment order erroneous and prejudicial to revenue's interest. The appeal challenging the Principal CIT's jurisdiction and validity of the assessment order was dismissed. The ITAT supported the disallowance of employee's contribution to Provident Fund and late Provident Fund payments, citing legal provisions and inadequate inquiries by the Assessing Officer as reasons for upholding the Principal CIT's order. en-us Wed, 21 Sep 2022 00:00:00 +0530 Fri, 23 Sep 2022 12:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428190 The ITAT upheld the Principal CIT's decision under section 263, deeming the assessment order erroneous and prejudicial to revenue's interest. The appeal challenging the Principal CIT's jurisdiction and validity of the assessment order was dismissed. The ITAT supported the disallowance of employee's contribution to Provident Fund and late Provident Fund payments, citing legal provisions and inadequate inquiries by the Assessing Officer as reasons for upholding the Principal CIT's order. Case-Laws Income Tax Wed, 21 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428190