https://www.taxtmi.com/caselaws?id=456522 ITAT Visakhapatnam held that late remittance of employee contributions under PF and ESI is disallowable, following SC precedent in Checkmate Services Pvt. Ltd. The tribunal ruled that CPC has valid power to make adjustments under section 143(1) based on available information, relying on Madras HC decision in AA520 Veerappalayam Primary Agricultural Cooperative Credit Society Ltd and ITAT's own precedent in Eastern Warehouse Corporation. The CIT(A) order was set aside and Revenue's grounds were allowed. en-us Mon, 17 Jul 2023 00:00:00 +0530 Wed, 31 Jul 2024 08:35:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456522 ITAT Visakhapatnam held that late remittance of employee contributions under PF and ESI is disallowable, following SC precedent in Checkmate Services Pvt. Ltd. The tribunal ruled that CPC has valid power to make adjustments under section 143(1) based on available information, relying on Madras HC decision in AA520 Veerappalayam Primary Agricultural Cooperative Credit Society Ltd and ITAT's own precedent in Eastern Warehouse Corporation. The CIT(A) order was set aside and Revenue's grounds were allowed. Case-Laws Income Tax Mon, 17 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456522