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PF contributions deposited late? Can the income tax department impose a penalty on your employer? ITAT clarifies

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ITAT Ahmedabad has deleted a ₹4.42 lakh penalty imposed on Nascent Info Technologies for misreporting income after disallowance of ₹7.16 lakh in delayed employees' PF and ESI contributions. The tribunal said disallowance alone does not establish misreporting.

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    PF contributions deposited late? Can the income tax department impose a penalty on your employer? ITAT clarifies

    ITAT Ahmedabad has deleted a ₹4.42 lakh penalty imposed on Nascent Info Technologies for misreporting income after disallowance of ₹7.16 lakh in delayed employees' PF and ESI contributions. The tribunal said disallowance alone does not establish misreporting.

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