No Addition for Delay in PF/ESIC Deposits Due to Technical Glitches: ITAT Delhi

FIL India Business & Research Services P. Ltd. Vs DC (ITAT Delhi) The Income Tax Appellate Tribunal (ITAT) Delhi addressed the case of FIL India Business & Research Services Pvt. Ltd. concerning the delayed deposit of employees’ PF/ESIC contributions amounting to ₹1.71 crores. The Assessing Officer (AO) disallowed the amount under Section 36(1)(va) read with Section 2(24)(x) of the Income Tax Act, citing delays. Upon review, ITAT upheld a ₹1.71 lakh disallowance following the Supreme Court’s judgment in Checkmate Services Pvt. Ltd. for actual delays. However, regarding the rema...