The petitioner contended that once contribution amount was paid even if with delay, same could not have been charged as income of assessee since amount was not retained by assessee for its benefit\u00a0 It was also contended that the\u00a0 income tax authority including Tribunal erred in appreciating scope of section 36(1)(va) and section 43B introduced in Finance Act, 2021. Dismissing the appeal the Court held that in view of law emerging from decision of Supreme Court in Checkmate Services (P.) Ltd. v. [2023]290\u00a0Taxman 19\/[2022] 448 ITR 518 (SC), contentions raised by the petitioner could be said to be no longer res integra and law as holding field operated against the\u00a0 assessee. \u00a0(AY. 2019-20)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 43B : Deductions on actual payment-Any sum received from employees-No deduction is available to employer in respect of deposit of employees\u2019 contribution of PF and ESI beyond due date prescribed in relevant Acts. [S. 36(1)(va), 260A) <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-38203","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-9Wb","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38203","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=38203"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38203\/revisions"}],"predecessor-version":[{"id":38204,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38203\/revisions\/38204"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=38203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=38203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=38203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}