https://www.taxtmi.com/caselaws?id=752095 ITAT Kolkata dismissed the assessee's appeal on two grounds. First, regarding delayed PF contribution deduction under Section 36(1)(va), the tribunal followed SC precedent in Checkmate Services Pvt. Ltd., holding that deduction cannot be claimed for delayed deposit of employees' PF contribution even when deposited within return filing due date, read with Section 43B. Second, concerning interest paid under Section 201(1A) for delayed TDS payment, the tribunal relied on Premier Irrigation Adritec case, ruling that such interest is not allowable expenditure under Section 37(1) despite being non-penal in nature. en-us Mon, 29 Apr 2024 00:00:00 +0530 Fri, 03 May 2024 07:11:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752095 ITAT Kolkata dismissed the assessee's appeal on two grounds. First, regarding delayed PF contribution deduction under Section 36(1)(va), the tribunal followed SC precedent in Checkmate Services Pvt. Ltd., holding that deduction cannot be claimed for delayed deposit of employees' PF contribution even when deposited within return filing due date, read with Section 43B. Second, concerning interest paid under Section 201(1A) for delayed TDS payment, the tribunal relied on Premier Irrigation Adritec case, ruling that such interest is not allowable expenditure under Section 37(1) despite being non-penal in nature. Case-Laws Income Tax Mon, 29 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752095