https://www.taxtmi.com/caselaws?id=465304 ITAT Chennai upheld disallowance of the assessee's delayed remittances of employees' PF and ESIC contributions under s.36(1)(va) r.w.s. 2(24)(x), following the SC ruling in Checkmate Services, holding that deduction is impermissible where employee contributions are not deposited within the due dates prescribed under the respective statutes. The assessee's contention regarding prospective application of the SC decision was rejected, and the addition made by CPC and confirmed by the CIT(A) was sustained. On s.80JJAA, ITAT held that the 30% deduction on additional employee cost is allowable for three consecutive assessment years, not confined to a single year, and remanded the matter to the AO to recompute and allow eligible deduction for the years under appeal. en-us Tue, 25 Mar 2025 00:00:00 +0530 Mon, 15 Dec 2025 19:06:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465304 ITAT Chennai upheld disallowance of the assessee's delayed remittances of employees' PF and ESIC contributions under s.36(1)(va) r.w.s. 2(24)(x), following the SC ruling in Checkmate Services, holding that deduction is impermissible where employee contributions are not deposited within the due dates prescribed under the respective statutes. The assessee's contention regarding prospective application of the SC decision was rejected, and the addition made by CPC and confirmed by the CIT(A) was sustained. On s.80JJAA, ITAT held that the 30% deduction on additional employee cost is allowable for three consecutive assessment years, not confined to a single year, and remanded the matter to the AO to recompute and allow eligible deduction for the years under appeal. Case-Laws Income Tax Tue, 25 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465304