https://www.taxtmi.com/caselaws?id=463881 ITAT JAIPUR - AT held that employer deductions for employee PF/ESI are allowable only if deposited by the statutory due date; s.43B's non-obstante clause does not relieve the employer, so CPC's adjustment for late deposit (though paid before return filing) is sustained. Interest under s.234C is chargeable where assessment exceeds returned income (appeal allowed). Education cess is retrospectively disallowed after Finance Act 2022 (claim dismissed). Deduction u/s 80JJAA allowed as per Form 10DA. Deduction u/s 80-IA for steam/power remitted to AO for verification of applicable rates and computation. MEIS incentive treated as capital receipt (allowed). s.14A disallowance deleted where non-interest funds exceed investments in tax-free securities. en-us Wed, 09 Nov 2022 00:00:00 +0530 Thu, 18 Sep 2025 16:08:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463881 ITAT JAIPUR - AT held that employer deductions for employee PF/ESI are allowable only if deposited by the statutory due date; s.43B's non-obstante clause does not relieve the employer, so CPC's adjustment for late deposit (though paid before return filing) is sustained. Interest under s.234C is chargeable where assessment exceeds returned income (appeal allowed). Education cess is retrospectively disallowed after Finance Act 2022 (claim dismissed). Deduction u/s 80JJAA allowed as per Form 10DA. Deduction u/s 80-IA for steam/power remitted to AO for verification of applicable rates and computation. MEIS incentive treated as capital receipt (allowed). s.14A disallowance deleted where non-interest funds exceed investments in tax-free securities. Case-Laws Income Tax Wed, 09 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463881