Case Law Details
Giri Bahadur Vs Ward (ITAT Mumbai)
Introduction: The case of Giri Bahadur vs. Ward, adjudicated by the Income Tax Appellate Tribunal (ITAT) Mumbai, revolves around the disallowance of late deposits of employees’ contributions towards Provident Fund (PF) and Employees’ State Insurance Corporation (ESIC). The ITAT’s decision emphasizes the significance of adhering to statutory deadlines in tax matters.
Detailed Analysis:
1. Background: The Assessing Officer (AO) made an addition of Rs. 8,10,552/- on account of late deposit of employees’ contributions toward PF and ESIC, citing a violation of the due dates prescribed in the relevant statutes.
2. AO’s Decision: The AO’s decision to disallow the deductions was based on the late deposits of employees’ contributions. This disallowance was upheld by the Ld. Commissioner of Income Tax (CIT-A).
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