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

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