https://www.taxtmi.com/caselaws?id=462304 The ITAT held that disallowance of delayed EPF contributions should be made under Section 36(1)(va) while computing business income, not as income from other sources. For the tea manufacturing company subject to Rule 8, the disallowance would proportionately increase tea income. The tribunal rejected allowing delayed PF/ESI payments under Section 37(1), ruling that specific provisions of Section 36(1)(va) preclude resort to general provisions. Regarding double disallowance of prior period expenses, the matter was remanded to AO for examination to prevent duplicate additions. en-us Wed, 11 Sep 2024 00:00:00 +0530 Mon, 09 Jun 2025 18:56:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462304 The ITAT held that disallowance of delayed EPF contributions should be made under Section 36(1)(va) while computing business income, not as income from other sources. For the tea manufacturing company subject to Rule 8, the disallowance would proportionately increase tea income. The tribunal rejected allowing delayed PF/ESI payments under Section 37(1), ruling that specific provisions of Section 36(1)(va) preclude resort to general provisions. Regarding double disallowance of prior period expenses, the matter was remanded to AO for examination to prevent duplicate additions. Case-Laws Income Tax Wed, 11 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462304