https://www.taxtmi.com/caselaws?id=763059 ITAT Delhi dismissed revenue's appeal in three-part dispute. Court upheld AO's disallowance of late ESI/PF deposits under section 36(1)(va) following SC precedent in Checkmate Services case. Revenue's ground on sundry creditors was dismissed as assessee had written off amounts in AY 2017-18, preventing double taxation. Court rejected revenue's challenge to depreciation on intellectual property rights, ruling AO erred by ignoring HC-approved amalgamation scheme where patent technology valuation was accepted. ITAT held consolidated balance sheet should have been accepted under section 139(9). en-us Fri, 06 Dec 2024 00:00:00 +0530 Wed, 11 Dec 2024 12:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763059 ITAT Delhi dismissed revenue's appeal in three-part dispute. Court upheld AO's disallowance of late ESI/PF deposits under section 36(1)(va) following SC precedent in Checkmate Services case. Revenue's ground on sundry creditors was dismissed as assessee had written off amounts in AY 2017-18, preventing double taxation. Court rejected revenue's challenge to depreciation on intellectual property rights, ruling AO erred by ignoring HC-approved amalgamation scheme where patent technology valuation was accepted. ITAT held consolidated balance sheet should have been accepted under section 139(9). Case-Laws Income Tax Fri, 06 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763059