https://www.taxtmi.com/caselaws?id=443490 The Tribunal partly allowed the appeal filed by the assessee. The order under section 263 was deemed not erroneous or prejudicial to revenue, except for the disallowance related to PF and ESI. The disallowance of Rs. 3,85,407 from STCG was overturned as the information was properly disclosed. Disallowance of Rs. 3,145 as Service Tax expense was allowed as per the reverse charge mechanism. The disallowance of Rs. 194 as interest on late TDS payment was also overturned. The Tribunal dismissed the disallowance of Rs. 43,433 for late PF & ESI payment based on a Supreme Court judgment. en-us Tue, 29 Aug 2023 00:00:00 +0530 Sat, 23 Sep 2023 10:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443490 The Tribunal partly allowed the appeal filed by the assessee. The order under section 263 was deemed not erroneous or prejudicial to revenue, except for the disallowance related to PF and ESI. The disallowance of Rs. 3,85,407 from STCG was overturned as the information was properly disclosed. Disallowance of Rs. 3,145 as Service Tax expense was allowed as per the reverse charge mechanism. The disallowance of Rs. 194 as interest on late TDS payment was also overturned. The Tribunal dismissed the disallowance of Rs. 43,433 for late PF & ESI payment based on a Supreme Court judgment. Case-Laws Income Tax Tue, 29 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443490