Case Law Details
Crescent Roadways Private Limited Vs Dy.CIT (ITAT Hyderabad)
The recent ruling by the Income Tax Appellate Tribunal (ITAT) Hyderabad in Crescent Roadways Private Limited v. Dy. CIT sheds light on the contentious issue of income tax additions for delays in remitting employees’ contributions to provident fund (PF) and Employee State Insurance (ESI). This article delves into the details of the case and analyzes the implications of the ITAT’s decision.
Detailed Analysis
Case Background: Crescent Roadways Private Limited (“the Assessee”) appealed against the Commissioner of Income Tax (Appeals) Hyderabad’s order regarding income tax additions for delays in remitting employees’ contributions to PF and ESI for the assessment year 2015-16.
Substantive Grounds: The Assessee challenged the addition of Rs. 2,83,203 representing the delay in remittance of employees’ contributions towards PF and Rs. 44,129 representing the delay in remittance of employees’ contributions towards ESI.
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