https://www.taxtmi.com/caselaws?id=456721 The ITAT Bangalore ruled on disallowance under section 36(1)(va) for delayed payment of employees' contribution to PF and ESI. The tribunal rejected the assessee's contention that no disallowance could be made under section 143(1)(a) for employees' EPF and ESI contributions. For payments delayed in August-September 2017, the matter was remitted to the AO for examination. Following the SC decision in Checkmate Services, the tribunal held that employees' contributions must be deposited within due dates under relevant welfare legislation, failing which they become taxable income. The appeal was partly allowed for statistical purposes. en-us Tue, 02 May 2023 00:00:00 +0530 Fri, 09 Aug 2024 22:42:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456721 The ITAT Bangalore ruled on disallowance under section 36(1)(va) for delayed payment of employees' contribution to PF and ESI. The tribunal rejected the assessee's contention that no disallowance could be made under section 143(1)(a) for employees' EPF and ESI contributions. For payments delayed in August-September 2017, the matter was remitted to the AO for examination. Following the SC decision in Checkmate Services, the tribunal held that employees' contributions must be deposited within due dates under relevant welfare legislation, failing which they become taxable income. The appeal was partly allowed for statistical purposes. Case-Laws Income Tax Tue, 02 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456721