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,

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