https://www.taxtmi.com/caselaws?id=750659 ITAT Hyderabad upheld Revenue's appeal regarding late remittance of PF and ESI following SC precedent in Checkmate Services case. CIT(A)'s decision to reduce interest rate from 16% to 8% on loans to sister concerns was sustained after examining fund availability. Regarding expense disallowance, ITAT upheld CIT(A)'s deletion of AO's disallowance as assessee had produced requisite bills/vouchers before both AO and CIT(A) explaining 39% expenditure increase. Revenue failed to challenge CIT(A)'s order on natural justice grounds, making findings conclusive. en-us Fri, 22 Mar 2024 00:00:00 +0530 Tue, 26 Mar 2024 10:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=750659 ITAT Hyderabad upheld Revenue's appeal regarding late remittance of PF and ESI following SC precedent in Checkmate Services case. CIT(A)'s decision to reduce interest rate from 16% to 8% on loans to sister concerns was sustained after examining fund availability. Regarding expense disallowance, ITAT upheld CIT(A)'s deletion of AO's disallowance as assessee had produced requisite bills/vouchers before both AO and CIT(A) explaining 39% expenditure increase. Revenue failed to challenge CIT(A)'s order on natural justice grounds, making findings conclusive. Case-Laws Income Tax Fri, 22 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=750659