https://www.taxtmi.com/caselaws?id=751529 ITAT Nagpur upheld disallowance of delayed ESIC contribution remittance, following SC precedent in Checkmate Services that contributions must be deposited within statutory due dates under respective Acts, not extended periods under section 43B. However, ITAT allowed appeal regarding ad-hoc disallowance of sales incentive expenditure, finding no specific defects identified by authorities and no provision empowering arbitrary percentage disallowances without establishing non-genuineness of vouchers, citing Madras HC decision requiring sample verification before disallowance. en-us Tue, 16 Apr 2024 00:00:00 +0530 Wed, 17 Apr 2024 19:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751529 ITAT Nagpur upheld disallowance of delayed ESIC contribution remittance, following SC precedent in Checkmate Services that contributions must be deposited within statutory due dates under respective Acts, not extended periods under section 43B. However, ITAT allowed appeal regarding ad-hoc disallowance of sales incentive expenditure, finding no specific defects identified by authorities and no provision empowering arbitrary percentage disallowances without establishing non-genuineness of vouchers, citing Madras HC decision requiring sample verification before disallowance. Case-Laws Income Tax Tue, 16 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751529