https://www.taxtmi.com/caselaws?id=456502 ITAT Visakhapatnam upheld disallowance of belated PF and ESI contributions paid after statutory due dates. The tribunal confirmed that post-2008 Finance Act amendments, CPC has expanded powers under section 143(1) to make adjustments based on information in returns, including tax audit reports. The assessee's claim for deduction was rejected as payments were made beyond prescribed deadlines under PF and ESI Acts, attracting section 36(1)(va) provisions. The adjustment by CPC was deemed valid based on apparent incorrect claims in the return. en-us Wed, 08 Mar 2023 00:00:00 +0530 Tue, 30 Jul 2024 20:10:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456502 ITAT Visakhapatnam upheld disallowance of belated PF and ESI contributions paid after statutory due dates. The tribunal confirmed that post-2008 Finance Act amendments, CPC has expanded powers under section 143(1) to make adjustments based on information in returns, including tax audit reports. The assessee's claim for deduction was rejected as payments were made beyond prescribed deadlines under PF and ESI Acts, attracting section 36(1)(va) provisions. The adjustment by CPC was deemed valid based on apparent incorrect claims in the return. Case-Laws Income Tax Wed, 08 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456502