https://www.taxtmi.com/caselaws?id=754665 The ITAT Ranchi ruled against the assessee regarding delayed deposit of employees' contribution to PF and ESI. The tribunal held that deduction under section 36(1)(va) cannot be claimed for delayed deposits of employees' PF contributions, even when deposited within the due date of filing returns, as per section 43B. The decision was based on the SC precedent in Chekmate Services Pvt. Ltd., which established that such delayed deposits are not eligible for deduction under the Income Tax Act, 1961. en-us Wed, 17 Jan 2024 00:00:00 +0530 Thu, 27 Jun 2024 12:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754665 The ITAT Ranchi ruled against the assessee regarding delayed deposit of employees' contribution to PF and ESI. The tribunal held that deduction under section 36(1)(va) cannot be claimed for delayed deposits of employees' PF contributions, even when deposited within the due date of filing returns, as per section 43B. The decision was based on the SC precedent in Chekmate Services Pvt. Ltd., which established that such delayed deposits are not eligible for deduction under the Income Tax Act, 1961. Case-Laws Income Tax Wed, 17 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754665