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: The case involved a disallowance of Rs.4,...