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 the CPC, Bengaluru vide its impugned order dated 28.11.2019.

CIT(A) dismissed the appeal of the assessee. Being aggrieved, the present appeal is filed.

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