https://www.taxtmi.com/caselaws?id=795605 Penalty for disallowance of employees' provident-fund contribution under section 36(1)(va) requires recorded satisfaction in the assessment order specifically concerning that disallowance. Satisfaction recorded solely for a transfer-pricing adjustment cannot support initiation of penalty proceedings for a separate provident-fund addition. The penalty on the provident-fund disallowance was therefore invalid for want of issue-specific recorded satisfaction and was quashed. en-us Fri, 17 Jul 2026 00:00:00 +0530 Mon, 27 Jul 2026 10:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795605 Penalty for disallowance of employees' provident-fund contribution under section 36(1)(va) requires recorded satisfaction in the assessment order specifically concerning that disallowance. Satisfaction recorded solely for a transfer-pricing adjustment cannot support initiation of penalty proceedings for a separate provident-fund addition. The penalty on the provident-fund disallowance was therefore invalid for want of issue-specific recorded satisfaction and was quashed. Case-Laws Income Tax Fri, 17 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795605