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2017 (11) TMI 1422 - HC - Income TaxDisallowance of deduction towards belated deposit of employees contribution of Provident Fund/Employees State Insurance - Held that:- The first appellate authority confirmed the order of dis-allowance following the order passed by the Tribunal in SFO Technologies P. Ltd.[2015 (1) TMI 1241 - ITAT BANGALORE] wherein the Tribunal held that if there any sum received by the assessee from any of its employees as contribution to PF and/or ESI was not credited by the assessee to employees’ accounts in the relevant fund or funds on or before the due date as per Explanation to sec. 36(1)(va) of the I.T. Act, the assessee shall not be entitled to deduction thereof. Accordingly, the order of the CIT(A) is reversed on this issue and that of the Assessing officer is restored. - Decided against assessee.
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