No Disallowance for delayed PF Deposit due to EPFO Portal Glitches

FIL India Business & Research Services Pvt Ltd Vs ACIT (ITAT Delhi) Introduction: In a significant ruling, the Income Tax Appellate Tribunal (ITAT) of Delhi has declared that delays in Provident Fund (PF) deposits due to technical issues on the Employees’ Provident Fund Organization (EPFO) portal will not warrant disallowance. The appeal was filed by FIL India Business & Research Services Pvt Ltd against the ACIT for the Assessment Year (AY) 2020-21. This article aims to provide a detailed analysis of the ruling and its implications. Grounds of the Appeal: The appellant (FIL Ind...