https://www.taxtmi.com/caselaws?id=311945 ITAT Raipur allowed the assessee's appeal partly regarding EPF contribution deposits. The tribunal held that employee's share of EPF contributions deposited within the grace period under EPF Act, 1952 cannot be disallowed u/s 36(1)(va) r.w.s 2(24)(x), following HC precedent and SC ruling in Checkmate Services. However, contributions deposited beyond the due date were rightly disallowed by AO. Additionally, ITAT vacated AO's disallowance of expenses u/s 37(1) as AO failed to establish the expenditure was capital/personal in nature or prohibited by law, lacking material evidence to prove bogus claims or non-business purpose. en-us Thu, 01 Jun 2023 00:00:00 +0530 Tue, 23 Jan 2024 20:11:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311945 ITAT Raipur allowed the assessee's appeal partly regarding EPF contribution deposits. The tribunal held that employee's share of EPF contributions deposited within the grace period under EPF Act, 1952 cannot be disallowed u/s 36(1)(va) r.w.s 2(24)(x), following HC precedent and SC ruling in Checkmate Services. However, contributions deposited beyond the due date were rightly disallowed by AO. Additionally, ITAT vacated AO's disallowance of expenses u/s 37(1) as AO failed to establish the expenditure was capital/personal in nature or prohibited by law, lacking material evidence to prove bogus claims or non-business purpose. Case-Laws Income Tax Thu, 01 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311945