https://www.taxtmi.com/caselaws?id=431237 The Tribunal upheld the disallowance under Section 36(1)(va) of the Income-tax Act, 1961, for late deposits of employees' contributions to EPF and ESIC, emphasizing compliance with statutory deadlines. It ruled that Section 43B does not override Section 36(1)(va)'s specific requirements. Adjustments under Section 143(1)(a) were deemed valid for disallowance based on audit report indications of delayed payments. Appeals in ITA No.523/PUN/2022 and ITA No.702/PUN/2022 were allowed for statistical purposes, requiring verification by the AO, while other appeals were dismissed, reinforcing the necessity of timely deposits for deductions. en-us Wed, 23 Nov 2022 00:00:00 +0530 Fri, 09 Aug 2024 12:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431237 The Tribunal upheld the disallowance under Section 36(1)(va) of the Income-tax Act, 1961, for late deposits of employees' contributions to EPF and ESIC, emphasizing compliance with statutory deadlines. It ruled that Section 43B does not override Section 36(1)(va)'s specific requirements. Adjustments under Section 143(1)(a) were deemed valid for disallowance based on audit report indications of delayed payments. Appeals in ITA No.523/PUN/2022 and ITA No.702/PUN/2022 were allowed for statistical purposes, requiring verification by the AO, while other appeals were dismissed, reinforcing the necessity of timely deposits for deductions. Case-Laws Income Tax Wed, 23 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431237