Delayed deposit of EPF & ESI beyond stipulated period is not allowable as deduction

Parminder Kuma Vs ITO (ITAT Delhi) ITAT Delhi held that delayed deposit of the contribution EPF & ESIC beyond the stipulated period prescribed in the respective Acts are not allowable as deduction. Facts- The return of income was processed 143(1) of the Act by making disallowance of Rs. 44,03,784/- under section 36 of the Act and Rs.5,14,395/- on account of non-remittance of EPF & ESIC Service Tax within the due date of respective Act. Aggrieved by the intimation, the assessee filed a rectification request, the Assessing Officer vide rectification order dated 29/04/2022 passed order u/...