Case Law Details
Case Name : Technocon Constructions & Infrastructure Private Limited Vs DCIT (ITAT Bangalore)
Related Assessment Year : 2018-19
Courts :
All ITAT ITAT Bangalore
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Technocon Constructions & Infrastructure Private Limited Vs DCIT (ITAT Bangalore)
ITAT Bangalore held that the employees’ contribution to PF and ESI should be remitted before the due date as per explanation to section 36(1)(va) of Income Tax Act for it to be allowable under Section 43B of the Income Tax Act.
Facts-
There was difference between returned and assessed income. The reasons for the difference between the returned income and the assessed income u/s 143(1) of the I.T.Act was on account of disallowance of sum of Rs.4,27,837 being late remittance of employees’ contribution t...
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Author Bio
The heading is misleading. It should be read as “Employees’ contribution to PF and ESI needs be remitted ON OR before due date”.