https://www.taxtmi.com/caselaws?id=456403 The ITAT Bangalore dismissed the assessee's appeal regarding delayed employee PF/ESI contributions, following the SC decision in Checkmate Services that such contributions must be remitted by the due date under relevant welfare legislation, not merely before the income tax return filing date under section 139(1), to qualify for deduction under section 43B. However, the tribunal allowed the appeal on club fees disallowance for statistical purposes, remitting the matter back to the AO for factual verification of whether the expenditure was incurred wholly and exclusively for business purposes under section 37, after providing reasonable opportunity to the assessee. en-us Thu, 27 Oct 2022 00:00:00 +0530 Tue, 23 Jul 2024 20:10:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456403 The ITAT Bangalore dismissed the assessee's appeal regarding delayed employee PF/ESI contributions, following the SC decision in Checkmate Services that such contributions must be remitted by the due date under relevant welfare legislation, not merely before the income tax return filing date under section 139(1), to qualify for deduction under section 43B. However, the tribunal allowed the appeal on club fees disallowance for statistical purposes, remitting the matter back to the AO for factual verification of whether the expenditure was incurred wholly and exclusively for business purposes under section 37, after providing reasonable opportunity to the assessee. Case-Laws Income Tax Thu, 27 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456403