https://www.taxtmi.com/caselaws?id=465370 Non-consideration of binding SC law constitutes a "mistake apparent from the record" rectifiable under s. 254(2), applying the principle in SC precedent that failure to consider SC/HC decisions is an error amenable to rectification. By virtue of Art. 141, SC declarations of law bind all courts and operate retrospectively unless expressly made prospective. Applying the SC ruling in Checkmate Services, delayed deposit of employees' PF/ESI contributions beyond the due dates under the respective welfare statutes is not deductible under s. 36(1)(va). The Tribunal therefore rectified its earlier order and upheld the disallowance, modifying its prior decision accordingly. en-us Tue, 07 Feb 2023 00:00:00 +0530 Thu, 18 Dec 2025 22:30:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465370 Non-consideration of binding SC law constitutes a "mistake apparent from the record" rectifiable under s. 254(2), applying the principle in SC precedent that failure to consider SC/HC decisions is an error amenable to rectification. By virtue of Art. 141, SC declarations of law bind all courts and operate retrospectively unless expressly made prospective. Applying the SC ruling in Checkmate Services, delayed deposit of employees' PF/ESI contributions beyond the due dates under the respective welfare statutes is not deductible under s. 36(1)(va). The Tribunal therefore rectified its earlier order and upheld the disallowance, modifying its prior decision accordingly. Case-Laws Income Tax Tue, 07 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465370