https://www.taxtmi.com/caselaws?id=750872 The assessee's appeal against the disallowance of Rs. 1,48,006, representing the employee's contribution towards ESI/PF paid beyond statutory deadlines, was dismissed. The ACIT(CPC) initially disallowed the amount, and the rectification application was rejected. The CIT(A) confirmed the disallowance, relying on the Hon'ble SC's decision in Checkmate Services Pvt. Ltd. v. CIT, which mandates timely payment of such contributions. The SC's interpretation, applicable from the inception of the relevant provision, was deemed binding under Article 141 of the Constitution, leading to the dismissal of the appeal. en-us Thu, 28 Mar 2024 00:00:00 +0530 Tue, 02 Apr 2024 08:08:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=750872 The assessee's appeal against the disallowance of Rs. 1,48,006, representing the employee's contribution towards ESI/PF paid beyond statutory deadlines, was dismissed. The ACIT(CPC) initially disallowed the amount, and the rectification application was rejected. The CIT(A) confirmed the disallowance, relying on the Hon'ble SC's decision in Checkmate Services Pvt. Ltd. v. CIT, which mandates timely payment of such contributions. The SC's interpretation, applicable from the inception of the relevant provision, was deemed binding under Article 141 of the Constitution, leading to the dismissal of the appeal. Case-Laws Income Tax Thu, 28 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=750872