Case Law Analysis
|Income Tax Appellate Tribunal
Section 36(1)(va) & 143(1) IT Act | Retrospective Adjustments for Late PF/ESI Deposits Invalid for Pre-Checkmate AYs: ITAT Delhi
ITAT Delhi holds that adjustments under Section 143(1) of the Income Tax Act for late PF/ESI deposits under Section 36(1)(va) cannot be applied retrospectively for assessment years preceding the Checkmate Services ruling (2022). The tribunal quashed additions of Rs. 2.38 crore, reinforcing that tax disallowances must align with judicial precedents applicable to the relevant assessment year.