https://www.taxtmi.com/caselaws?id=465947 Issue concerns availability of tax deduction for employer payment of employee statutory contributions when deposits occurred after statutory deadlines but before the return filing due date. The Supreme Court held deduction requires deposit within the time stipulated by the relevant enactments, not merely before return filing; that precedent is binding on subordinate fora under the doctrine of binding precedent. Non-consideration of such Supreme Court precedent constitutes a mistake apparent from record, warranting rectification of prior favourable orders. The operative effect is that deductions claimed in such circumstances must be disallowed in view of the binding Supreme Court ruling. en-us Tue, 10 Oct 2023 00:00:00 +0530 Thu, 15 Jan 2026 12:33:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465947 Issue concerns availability of tax deduction for employer payment of employee statutory contributions when deposits occurred after statutory deadlines but before the return filing due date. The Supreme Court held deduction requires deposit within the time stipulated by the relevant enactments, not merely before return filing; that precedent is binding on subordinate fora under the doctrine of binding precedent. Non-consideration of such Supreme Court precedent constitutes a mistake apparent from record, warranting rectification of prior favourable orders. The operative effect is that deductions claimed in such circumstances must be disallowed in view of the binding Supreme Court ruling. Case-Laws Income Tax Tue, 10 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465947