Contribution to EPF/ESI beyond due date of respective Act duly disallowed: ITAT Jaipur

Sanjiv Prakashan Vs ACIT (ITAT Jaipur)

ITAT Jaipur held that disallowance of contribution of EPF/ESI of employees contribution justified since amount deposited beyond the due date of respective Acts. Notably, deduction is not allowance even if contribution is deposited before filing of return u/s. 139(1).

Facts- The assessee is engaged in the business of educational publication. AO in his order assessed the income of the assessee at Rs.5,61,08,400/- after making disallowance u/s 36(1)(va) of the Act amounting to Rs. 16,46,879 (i.e. Rs.15,51,701/- towards PF

Please become a Premium member. If you are already a Premium member, login here to access the full content.