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 and Rs. 95,178/- towards ESI) due to...