https://www.taxtmi.com/caselaws?id=434653 The Tribunal allowed the Miscellaneous Petition filed by the Revenue, reversing its earlier decision regarding the disallowance of deductions under section 36(1)(va) of the Income Tax Act for delayed payment of employee's contribution to ESI and PF. The Tribunal acknowledged the applicability of the Supreme Court's ruling in the case of CHECKMATE SERVICES PVT LTD VS CIT-1, which clarified the treatment of such contributions. The Tribunal rectified its order in line with legal principles and precedents, emphasizing the importance of adhering to Supreme Court decisions as per Article 141 of the Constitution of India. en-us Fri, 17 Feb 2023 00:00:00 +0530 Tue, 28 Feb 2023 17:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434653 The Tribunal allowed the Miscellaneous Petition filed by the Revenue, reversing its earlier decision regarding the disallowance of deductions under section 36(1)(va) of the Income Tax Act for delayed payment of employee's contribution to ESI and PF. The Tribunal acknowledged the applicability of the Supreme Court's ruling in the case of CHECKMATE SERVICES PVT LTD VS CIT-1, which clarified the treatment of such contributions. The Tribunal rectified its order in line with legal principles and precedents, emphasizing the importance of adhering to Supreme Court decisions as per Article 141 of the Constitution of India. Case-Laws Income Tax Fri, 17 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434653