https://www.taxtmi.com/caselaws?id=458212 ITAT Kolkata allowed the assessee's appeal regarding delayed payment of employees' and employer's contribution to Provident Fund Account. The assessee contended payments were made within stipulated time per Coal Mines Provident Fund Scheme. ITAT found CIT(Appeals) blindly concurred with AO without examining actual payment details, relying solely on audit report containing factual errors. ITAT held CIT(Appeals) failed to cross-verify facts despite relevant material being presented. Considering Coal Mines Provident Fund Scheme rules and actual timely payments, ITAT concluded no lapse occurred and deleted the disallowance. en-us Wed, 01 Feb 2023 00:00:00 +0530 Tue, 15 Oct 2024 20:00:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458212 ITAT Kolkata allowed the assessee's appeal regarding delayed payment of employees' and employer's contribution to Provident Fund Account. The assessee contended payments were made within stipulated time per Coal Mines Provident Fund Scheme. ITAT found CIT(Appeals) blindly concurred with AO without examining actual payment details, relying solely on audit report containing factual errors. ITAT held CIT(Appeals) failed to cross-verify facts despite relevant material being presented. Considering Coal Mines Provident Fund Scheme rules and actual timely payments, ITAT concluded no lapse occurred and deleted the disallowance. Case-Laws Income Tax Wed, 01 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458212