AO Erred by Not Examining Delayed Payment of Employer’s PF/ESIC Contributions During Scrutiny: ITAT Upheld PCIT’s Invocation of S.263 [Read Order]

Considering AO’s error of not examining the delayed payment of the employer’s PF/ESIC contributions during complete scrutiny, ITAT set aside the order
By Kavi Priya - On September 9, 2024 2:05 pm - 2 mins read
ITAT - ITAT Bangalore - PCIT - Income Tax Appellate Tribunal - AO Erred - Taxscan

The Bangalore Bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the Principal Commissioner of Income Tax’s invocation of Section 263 of the Income Tax Act, 1961, concerning the assessing officer’s failure to scrutinize the employer’s delayed payment of PF/ESIC contributions during the comprehensive review. Parry Engineering & Electronics Ltd. (assessee), filed its…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹2299 + GST for 1 year

Subscribe Now

Already a member? Log in here

Topics

taxscan-loader