https://www.taxtmi.com/caselaws?id=460205 The court upheld the disallowance of Rs. 2,65,53,841/- for the delayed deposit of employees' PF and ESI contributions, aligning with the SC's precedent that such contributions must be deposited within statutory due dates to qualify for deductions. It confirmed that disallowance could be made through adjustments under Section 143(1) of the Income Tax Act. However, the court remanded the issue of calculating due dates based on the month of salary disbursement for further examination by the Assessing Officer, allowing the possibility of the assessee's argument being valid pending further investigation. en-us Tue, 13 Jun 2023 00:00:00 +0530 Wed, 15 Jan 2025 13:46:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460205 The court upheld the disallowance of Rs. 2,65,53,841/- for the delayed deposit of employees' PF and ESI contributions, aligning with the SC's precedent that such contributions must be deposited within statutory due dates to qualify for deductions. It confirmed that disallowance could be made through adjustments under Section 143(1) of the Income Tax Act. However, the court remanded the issue of calculating due dates based on the month of salary disbursement for further examination by the Assessing Officer, allowing the possibility of the assessee's argument being valid pending further investigation. Case-Laws Income Tax Tue, 13 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460205