Deduction allowed for Delayed ESI/PF Employee Contribution Deposit: ITAT Raipur

Parv Buildcon Vs DCIT (ITAT Raipur) ITAT Raipur held that delayed deposit of employees share of contribution towards ESI/PF for A.Y. 2018-19 allowed as deduction. Facts- The assessee company had filed its return of income for A.Y. 2018-19 declaring an income of Rs.84,31,610/-. Assessee’s claim for deduction of delayed deposit of employees share of contribution towards ESI/PF of Rs.24,72,236/- was disallowed by the CPC, Bengaluru vide intimation issued u/s. 143(1) of the Act dated 16.10.2019. Thereafter, the assessee filed an application u/s. 154 of the Act, which, however, was rejected by th...