https://www.taxtmi.com/caselaws?id=460207 The Tribunal upheld the Revenue's position, affirming that belated deposits of employees' contributions to PF/ESIC are taxable under Section 2(24)(X) and not deductible under Section 36(1)(va) of the Income Tax Act, in line with the SC's ruling in Checkmate Services. The Tribunal also confirmed the validity of adjustments under Section 143(1) for discrepancies apparent from the return, as supported by precedent. However, the issue of determining the due date for contributions based on salary disbursement timing was remanded to the Assessing Officer for further factual verification. en-us Tue, 25 Jul 2023 00:00:00 +0530 Wed, 15 Jan 2025 13:46:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460207 The Tribunal upheld the Revenue's position, affirming that belated deposits of employees' contributions to PF/ESIC are taxable under Section 2(24)(X) and not deductible under Section 36(1)(va) of the Income Tax Act, in line with the SC's ruling in Checkmate Services. The Tribunal also confirmed the validity of adjustments under Section 143(1) for discrepancies apparent from the return, as supported by precedent. However, the issue of determining the due date for contributions based on salary disbursement timing was remanded to the Assessing Officer for further factual verification. Case-Laws Income Tax Tue, 25 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460207