Delayed Payment: No Deduction for Employee’s PF & ESIC Contribution

KMTC (India) Private Limited Vs CIT(A) (ITAT  Mumbai)

Introduction: KMTC (India) Private Limited recently found itself in a legal battle against the Commissioner of Income Tax (Appeals)-52, Mumbai. The appeal contested the order passed under section 250 of the Income Tax Act for the Assessment Year 2014-15. The primary issues revolved around the addition of Rs.4,86,368/- for delayed PF deposit and Rs.3 lacs for preliminary expenses, including deduction allowed under section 35D of the Act.

Detailed Analysis:

1. Employee Contribution to PF & ESIC:

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