https://www.taxtmi.com/caselaws?id=456466 ITAT Jodhpur held that delayed payment of employees' PF and ESI contributions beyond statutory due dates results in disallowance of deduction under section 36(1)(va) and treatment as assessee's income under section 2(24)(x). Following SC precedent in Checkmate Services case, the tribunal ruled that adjustment under section 143(1)(a)(iv) was valid when auditor indicated late payments in audit report. The assessee's claim for deduction despite delayed remittance was rejected, with tribunal noting that original section 36(1)(va) provisions were unambiguous regarding timely deposit requirements. en-us Thu, 21 Sep 2023 00:00:00 +0530 Thu, 08 Aug 2024 15:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456466 ITAT Jodhpur held that delayed payment of employees' PF and ESI contributions beyond statutory due dates results in disallowance of deduction under section 36(1)(va) and treatment as assessee's income under section 2(24)(x). Following SC precedent in Checkmate Services case, the tribunal ruled that adjustment under section 143(1)(a)(iv) was valid when auditor indicated late payments in audit report. The assessee's claim for deduction despite delayed remittance was rejected, with tribunal noting that original section 36(1)(va) provisions were unambiguous regarding timely deposit requirements. Case-Laws Income Tax Thu, 21 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456466