Delayed payment of employee’s contribution to PF & ESI adjustable u/s 143(1)

Salasar Balaji Ship Breakers Pvt. Ltd. Vs ACIT (ITAT Mumbai) ITAT Mumbai held that payment of employee’s contribution to PF & ESI beyond the due dates is not allowable as deduction. Accordingly, the same is an incorrect claim and therefore it falls within the scope of prima facie adjustment u/s 143(1) of the Income Tax Act. Facts- The only issue here is whether, employees’ contribution of PF & ESI which has not been deposited before the due date under the relevant acts and regulations, can it be treated as deemed income u/s. 2(24)(x) r.w.s. 36(1)(va). Conclusion- We confirm the ord...