Disallowance of amount of employees’ share to ESI and PF after due date justifiable: ITAT Bangalore

Shri Thamanna Vs ACIT (ITAT Bangalore) ITAT Bangalore held that amount of employee’s share to ESI and PF paid after due date provide under the respective statutes is liable to be disallowed. Accordingly, matter referred back for limited purpose of verification of payment challans. Facts- The case of the assessee was selected for scrutiny under CASS. During the assessment proceedings, the AO noted that the assessee has claimed amount of Rs.1,91,50,842 towards EPF paid and debited in the P&L account, out of which certain amounts were paid after the due date as contemplated by PF Scheme. Fu...