https://www.taxtmi.com/caselaws?id=465349 Deductibility of employees' PF/ESI contributions deposited after the statutory due dates under the respective welfare Acts was the dominant issue in a rectification application. Applying SC's authoritative construction in Checkmate Services, the Tribunal held that s.36(1)(va) permits deduction only if the employees' share is deposited within the due date prescribed under the relevant Acts. It rejected the plea that Checkmate should operate prospectively, holding that SC rulings are ordinarily retrospective unless prospective overruling is expressly invoked, which was not done in Checkmate. Consequently, the earlier Tribunal order allowing deduction was held to contain an apparent mistake and was rectified, granting relief to the Revenue and disallowing the belated employees' contributions. en-us Tue, 27 Jun 2023 00:00:00 +0530 Wed, 17 Dec 2025 21:52:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465349 Deductibility of employees' PF/ESI contributions deposited after the statutory due dates under the respective welfare Acts was the dominant issue in a rectification application. Applying SC's authoritative construction in Checkmate Services, the Tribunal held that s.36(1)(va) permits deduction only if the employees' share is deposited within the due date prescribed under the relevant Acts. It rejected the plea that Checkmate should operate prospectively, holding that SC rulings are ordinarily retrospective unless prospective overruling is expressly invoked, which was not done in Checkmate. Consequently, the earlier Tribunal order allowing deduction was held to contain an apparent mistake and was rectified, granting relief to the Revenue and disallowing the belated employees' contributions. Case-Laws Income Tax Tue, 27 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465349