Disallowance of late deposit of employees’ share of PF/ ESI beyond prescribed due date is sustained

Sushil Kumar Gupta & Co Vs ITO (ITAT Chandigarh) ITAT Chandigarh held that disallowance for late deposit of employees’ share of PF/ ESI contribution to relevant funds beyond prescribed due date under respective Act is duly sustainable in law. Facts- The Assessee’s return was processed by the CPC and order u/s. 143(1) was passed wherein the disallowance invoking the provisions of Section 143(1)(a)(iv) was made for fault of the assessee not to pay the employees’ contribution to PF/ESI before the prescribed due date under the relevant statue. Against the said intimation and the disallow...