ITAT Upholds addition for belated employees’ contributions to PF/ESIC

Naveen Chandra Bhatt Vs ITO (ITAT Delhi) The case of Naveen Chandra Bhatt Vs ITO (ITAT Delhi) offers critical insights into the legal repercussions of belated deposit of employees’ contributions to Provident Fund/ESIC. The case examines the regulatory framework and underlying tax implications surrounding the late submission of these contributions under the Income Tax Act. Analysis The appeal by the assessee, Naveen Chandra Bhatt, was against the order of the Ld. NFAC, New Delhi, concerning Assessment Year 2019-20. The principal dispute concerned the disallowance of employees’ contr...