https://www.taxtmi.com/caselaws?id=434392 The Tribunal affirmed the disallowance of Rs.31,11,936/- for delayed deposits of employee contributions to ESI and PF under Section 36(1)(va) of the Income-tax Act, citing the Supreme Court's precedent that such late deposits constitute income of the assessee. The Tribunal held that the issue was not debatable and rejected the rectification application under Section 154, emphasizing that the remedy for debatable issues lies in appeals, not rectification applications. The appeal was dismissed, and the order was pronounced under rule 34(4) of the Appellate Tribunal Rules, 1963. en-us Mon, 20 Feb 2023 00:00:00 +0530 Thu, 23 Feb 2023 08:52:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434392 The Tribunal affirmed the disallowance of Rs.31,11,936/- for delayed deposits of employee contributions to ESI and PF under Section 36(1)(va) of the Income-tax Act, citing the Supreme Court's precedent that such late deposits constitute income of the assessee. The Tribunal held that the issue was not debatable and rejected the rectification application under Section 154, emphasizing that the remedy for debatable issues lies in appeals, not rectification applications. The appeal was dismissed, and the order was pronounced under rule 34(4) of the Appellate Tribunal Rules, 1963. Case-Laws Income Tax Mon, 20 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434392