https://www.taxtmi.com/caselaws?id=466752 The note addresses three issues: whether employee contributions to provident fund and ESI deposited after the statutory due date are deductible - applying the principle that timely deposit is a precondition to deduction, the delayed deposit disallowance of Rs.2,68,887 was upheld; whether large payments to directors as commission/remuneration are allowable - because relevant audited accounts and supporting documents were not before the lower authorities, the disallowance was set aside and the issue remitted to the assessing officer for fresh adjudication; whether failure to deduct tax at source disallows expense - on similar grounds of fresh material the TDS disallowance was set aside and remitted for reconsideration. en-us Tue, 25 Feb 2025 00:00:00 +0530 Wed, 18 Feb 2026 20:11:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466752 The note addresses three issues: whether employee contributions to provident fund and ESI deposited after the statutory due date are deductible - applying the principle that timely deposit is a precondition to deduction, the delayed deposit disallowance of Rs.2,68,887 was upheld; whether large payments to directors as commission/remuneration are allowable - because relevant audited accounts and supporting documents were not before the lower authorities, the disallowance was set aside and the issue remitted to the assessing officer for fresh adjudication; whether failure to deduct tax at source disallows expense - on similar grounds of fresh material the TDS disallowance was set aside and remitted for reconsideration. Case-Laws Income Tax Tue, 25 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466752