https://www.taxtmi.com/caselaws?id=457096 ITAT Delhi ruled on two issues concerning section 143(1) adjustments. First, regarding delayed PF/ESI deposits, the tribunal upheld disallowance under section 36(1)(va), following SC precedent in Checkmate Services that deductions are only allowable if employee contributions are deposited before statutory due dates. Second, concerning club expenses under section 37, the tribunal favored the assessee, finding that since the tax auditor reported club subscriptions without indicating disallowability, no adjustment should have been made during return processing. The tribunal set aside CIT(A)'s order on club expenses while maintaining the PF/ESI disallowance. en-us Fri, 23 Jun 2023 00:00:00 +0530 Thu, 05 Sep 2024 21:28:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457096 ITAT Delhi ruled on two issues concerning section 143(1) adjustments. First, regarding delayed PF/ESI deposits, the tribunal upheld disallowance under section 36(1)(va), following SC precedent in Checkmate Services that deductions are only allowable if employee contributions are deposited before statutory due dates. Second, concerning club expenses under section 37, the tribunal favored the assessee, finding that since the tax auditor reported club subscriptions without indicating disallowability, no adjustment should have been made during return processing. The tribunal set aside CIT(A)'s order on club expenses while maintaining the PF/ESI disallowance. Case-Laws Income Tax Fri, 23 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457096