https://www.taxtmi.com/caselaws?id=795596 Works contract tax paid under a prescribed composition scheme is described as deductible business expenditure where incurred wholly and exclusively for contracting operations. VAT refund receivables may be claimed as bad debts when bona fide written off after recovery becomes impossible; separate proof of irrecoverability is not required once the write-off is recorded. Employees' PF and ESI contributions deposited after the due dates under the relevant welfare laws remain non-deductible, even if paid before the income-tax return filing deadline. A later provision stated to apply prospectively cannot alter the position for an earlier assessment year, and deposit deadlines run from when wages become due rather than actual salary disbursement. en-us Mon, 15 Jun 2026 00:00:00 +0530 Fri, 24 Jul 2026 08:36:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795596 Works contract tax paid under a prescribed composition scheme is described as deductible business expenditure where incurred wholly and exclusively for contracting operations. VAT refund receivables may be claimed as bad debts when bona fide written off after recovery becomes impossible; separate proof of irrecoverability is not required once the write-off is recorded. Employees' PF and ESI contributions deposited after the due dates under the relevant welfare laws remain non-deductible, even if paid before the income-tax return filing deadline. A later provision stated to apply prospectively cannot alter the position for an earlier assessment year, and deposit deadlines run from when wages become due rather than actual salary disbursement. Case-Laws Income Tax Mon, 15 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795596