SC Issues Notice on Late PF/ESI Deposit Deduction Dispute

Woodland (Aero Club) Private Limited Director Vs ACIT (Supreme Court of India) SC issues notice to Revenue Income tax Deptt on late deposit of employee contribution of PF/ESI The case concerns the tax treatment of employees’ contributions to Provident Fund (PF) and Employees’ State Insurance (ESI) that were deposited after the statutory due dates under the respective welfare laws but before the due date for filing the income tax return. It also involves whether such disallowance can be made through an adjustment under Section 143(1)(a) of the Income Tax Act, 1961. Supreme Court Proceedings...