Delayed deposit of employee contributions to PF/ESIC – ITAT upholds addition

Gopi Mani Kuttan Vs DCIT (ITAT Delhi) In a recent ruling, the Income Tax Appellate Tribunal (ITAT) Delhi branch, rejected an appeal by Gopi Mani Kuttan challenging the disallowance of employees’ contribution to Provident Fund (PF)/ESIC under Section 36(i)(va) r.w.s. 43B of the Income Tax Act. The ITAT emphasized the fact that belated deposits of employees’ contribution to PF/ESIC must be considered as taxable income of the assessee under Section 2(24)(x) r.w. Section 43B of the Act. Furthermore, the deduction under Section 36(i)(va) of the Act would not be permissible on these bela...