https://www.taxtmi.com/caselaws?id=435007 The Tribunal dismissed the appeal, upholding the legality of adjustments made under section 143(1) for late deposit of employees' provident fund contributions. The Tribunal relied on the expanded scope of adjustments post the Finance Act 2016, citing the Supreme Court's decision in Checkmate Services Pvt. Ltd. to support the addition under section 36(1)(va). It was concluded that adjustments based on audit reports are permissible under section 143(1)(a)(iv), aligning with the Supreme Court's interpretation. en-us Wed, 30 Nov 2022 00:00:00 +0530 Fri, 10 Mar 2023 08:55:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435007 The Tribunal dismissed the appeal, upholding the legality of adjustments made under section 143(1) for late deposit of employees' provident fund contributions. The Tribunal relied on the expanded scope of adjustments post the Finance Act 2016, citing the Supreme Court's decision in Checkmate Services Pvt. Ltd. to support the addition under section 36(1)(va). It was concluded that adjustments based on audit reports are permissible under section 143(1)(a)(iv), aligning with the Supreme Court's interpretation. Case-Laws Income Tax Wed, 30 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435007