https://www.taxtmi.com/caselaws?id=448206 The HC allowed the appeal of the assessee, a company involved in manufacturing and trading, against the penalty under Section 271(1)(c) of the Income Tax Act, 1961, for delayed payment of Employees' contribution to PF/ESIC. The CIT(A) had confirmed an addition and levied a penalty for alleged tax evasion. However, the court found no concealment or furnishing of inaccurate particulars, as the details were provided to authorities. The delay in filing the appeal was condoned, and the penalty was deemed inapplicable, resulting in the appeal being allowed. en-us Wed, 10 Jan 2024 00:00:00 +0530 Fri, 12 Jan 2024 15:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448206 The HC allowed the appeal of the assessee, a company involved in manufacturing and trading, against the penalty under Section 271(1)(c) of the Income Tax Act, 1961, for delayed payment of Employees' contribution to PF/ESIC. The CIT(A) had confirmed an addition and levied a penalty for alleged tax evasion. However, the court found no concealment or furnishing of inaccurate particulars, as the details were provided to authorities. The delay in filing the appeal was condoned, and the penalty was deemed inapplicable, resulting in the appeal being allowed. Case-Laws Income Tax Wed, 10 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448206