https://www.taxtmi.com/caselaws?id=311521 The ITAT Cochin ruled on two issues. First, regarding additions under section 41(1) for cessation of liability related to freezer deposits, the Tribunal followed its earlier order and held that no addition under section 41(1) was warranted. Second, concerning delayed remittance of employees' contribution to PF and ESI, the Tribunal disallowed the deduction under section 36(1)(va), following Kerala HC precedents in Merchem Limited and Popular Vehicles Services cases, which established that employees' PF and ESI contributions not deposited within statutory due dates cannot be claimed as allowable deductions. en-us Thu, 04 Aug 2022 00:00:00 +0530 Sat, 30 Dec 2023 08:30:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311521 The ITAT Cochin ruled on two issues. First, regarding additions under section 41(1) for cessation of liability related to freezer deposits, the Tribunal followed its earlier order and held that no addition under section 41(1) was warranted. Second, concerning delayed remittance of employees' contribution to PF and ESI, the Tribunal disallowed the deduction under section 36(1)(va), following Kerala HC precedents in Merchem Limited and Popular Vehicles Services cases, which established that employees' PF and ESI contributions not deposited within statutory due dates cannot be claimed as allowable deductions. Case-Laws Income Tax Thu, 04 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311521