ITAT Allows Timely Employer PF/ESI Contributions Deduction

Blue Moon Enterprises Vs ITO (ITAT Bangalore) In the case of Blue Moon Enterprises vs. ITO, the Income Tax Appellate Tribunal (ITAT) Bangalore addressed the issue of disallowed deductions related to Provident Fund (PF) and Employees’ State Insurance (ESI) contributions. Blue Moon Enterprises, a partnership firm in the manpower supply business, filed its return of income for the 2018-2019 assessment year. However, the Centralized Processing Center (CPC) disallowed Rs. 40,76,681 from the return, citing delayed payment of employee PF and ESI contributions. The assessee contested this, argui...