https://www.taxtmi.com/caselaws?id=465347 Whether employees' contributions to PF/ESI deposited after the due dates under the respective welfare statutes can be disallowed by prima facie adjustment under s.143(1)(a) was decided by applying SC's ruling in Checkmate Services, which treats such delayed deposits as deemed income held in trust and not deductible under s.36(1)(va) even if paid before the s.43B due date. The Tribunal held that SC law applies retrospectively and, where audit/return data show payment beyond statutory due dates, the claim is an "incorrect claim apparent from the return" amenable to s.143(1)(a) adjustment. The disallowance was upheld and the appeal dismissed. en-us Wed, 12 Apr 2023 00:00:00 +0530 Wed, 17 Dec 2025 21:52:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465347 Whether employees' contributions to PF/ESI deposited after the due dates under the respective welfare statutes can be disallowed by prima facie adjustment under s.143(1)(a) was decided by applying SC's ruling in Checkmate Services, which treats such delayed deposits as deemed income held in trust and not deductible under s.36(1)(va) even if paid before the s.43B due date. The Tribunal held that SC law applies retrospectively and, where audit/return data show payment beyond statutory due dates, the claim is an "incorrect claim apparent from the return" amenable to s.143(1)(a) adjustment. The disallowance was upheld and the appeal dismissed. Case-Laws Income Tax Wed, 12 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465347