https://www.taxtmi.com/caselaws?id=456486 ITAT Chennai held that delayed payment of employees' PF and ESI contributions beyond due date but before filing return constitutes deemed income under sections 36(1)(va) and 2(24)(x), following SC precedent in Checkmate Services case. The tribunal confirmed CIT(A) and CPC orders disallowing incorrect claims during processing under section 143(1). Regarding tax benefit denial under section 115BAA(5), ITAT restored the matter to AO pending CBDT's decision on assessee's condonation petition under section 119(2)(b), allowing this issue for statistical purposes. en-us Wed, 21 Dec 2022 00:00:00 +0530 Mon, 29 Jul 2024 20:13:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456486 ITAT Chennai held that delayed payment of employees' PF and ESI contributions beyond due date but before filing return constitutes deemed income under sections 36(1)(va) and 2(24)(x), following SC precedent in Checkmate Services case. The tribunal confirmed CIT(A) and CPC orders disallowing incorrect claims during processing under section 143(1). Regarding tax benefit denial under section 115BAA(5), ITAT restored the matter to AO pending CBDT's decision on assessee's condonation petition under section 119(2)(b), allowing this issue for statistical purposes. Case-Laws Income Tax Wed, 21 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456486