https://www.taxtmi.com/caselaws?id=753771 ITAT Kolkata dismissed the assessee's appeal on multiple grounds. The tribunal upheld disallowance u/s 14A r.w.r.8D as the assessee failed to provide details of funds used for exempt income investments. Disallowance u/s 40(a)(ia) was sustained due to non-deduction of TDS on contractual payments, with the assessee admitting inadvertent lapse. Leave encashment disallowance u/s 43B was confirmed as payment wasn't made before return filing due date. Addition u/s 36(1)(va) and 2(24)(x) for delayed PF/ESI deposits was upheld following SC precedent in Chekmate Services case, which held that delayed employee contribution deposits cannot claim deduction even if made before return filing deadline. en-us Wed, 17 Jan 2024 00:00:00 +0530 Mon, 10 Jun 2024 07:46:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753771 ITAT Kolkata dismissed the assessee's appeal on multiple grounds. The tribunal upheld disallowance u/s 14A r.w.r.8D as the assessee failed to provide details of funds used for exempt income investments. Disallowance u/s 40(a)(ia) was sustained due to non-deduction of TDS on contractual payments, with the assessee admitting inadvertent lapse. Leave encashment disallowance u/s 43B was confirmed as payment wasn't made before return filing due date. Addition u/s 36(1)(va) and 2(24)(x) for delayed PF/ESI deposits was upheld following SC precedent in Chekmate Services case, which held that delayed employee contribution deposits cannot claim deduction even if made before return filing deadline. Case-Laws Income Tax Wed, 17 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753771