https://www.taxtmi.com/caselaws?id=772855 ITAT Pune allowed the assessee's appeal against PCIT's revision order u/s 263. The tribunal held that no disallowance u/s 14A was warranted as the assessee earned no dividend income from equity share investments. Regarding disallowance u/s 36(1)(va) for delayed PF deposits, the tribunal found that since employees' contributions were deposited before the return filing due date, following the jurisdictional HC precedent in Ghatge Patil Transports Ltd, no disallowance was required. The AO's assessment order was neither erroneous nor prejudicial to revenue interests, making the revision invalid. en-us Fri, 23 May 2025 00:00:00 +0530 Sat, 14 Jun 2025 06:47:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772855 ITAT Pune allowed the assessee's appeal against PCIT's revision order u/s 263. The tribunal held that no disallowance u/s 14A was warranted as the assessee earned no dividend income from equity share investments. Regarding disallowance u/s 36(1)(va) for delayed PF deposits, the tribunal found that since employees' contributions were deposited before the return filing due date, following the jurisdictional HC precedent in Ghatge Patil Transports Ltd, no disallowance was required. The AO's assessment order was neither erroneous nor prejudicial to revenue interests, making the revision invalid. Case-Laws Income Tax Fri, 23 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772855