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2022 (5) TMI 444 - AT - Income TaxLate payment of PF - Payment within grace period of five days - HELD THAT:- EPFO has literally withdrawn the grace period of five days with effect from February 2016, whereas the assessment year involved herein is AY 2018-19. Therefore, following the jurisdictional High Court's judgment in the case of Gujarat State Road Transport Corporation [2014 (1) TMI 502 - GUJARAT HIGH COURT] and the circular issued by the Head Office of EPFO (supra), the question of grace period does not applicable to the assessee, since the assessment year involved is AY 2018-19 and he accordingly addition made by the CPC be confirmed. Thus we hold that the disallowance made by the CPC under Section 36(1)(va) of the Act towards late payment of PF is sustainable in the eyes of law; and, we, therefore, reject these grounds of appeal raised by the assessee.
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