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Checkmate Services P Ltd vs Commissioner Of Income Tax-I on 12 October, 2022

3. The Revenue has moved the instant Miscellaneous Application urging that the view taken by the Hon‟ble Himachal Pradesh High Court in Nipso polyfabriks Ltd. has since been overruled by the Hon‟ble Supreme Court in Checkmate Services P. Ltd. & Ors. VS. CIT & Ors. (2022) 448 ITR 518 (SC), holding that the deduction of the Employees‟ share can be allowed u/s.36(1)(va) only if it is deposited before the time limit under the respective statutes and not by the due date u/s.139(1) of the Act. It was, thus, urged by the ld. DR that the order earlier passed by the Tribunal granting the deduction, required rectification. No serious objection was taken by the ld. AR to the grievance of the Revenue.
Supreme Court of India Cites 66 - Cited by 378 - S R Bhat - Full Document
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