ITAT adjudicated a tax dispute regarding disallowance of ...

Tax Deduction Denied: Late Employees' Provident Fund Contributions Ruled Non-Eligible Under Statutory Guidelines

May 16, 2025

Case Laws Income Tax AT

ITAT adjudicated a tax dispute regarding disallowance of employees' provident fund contributions deposited after statutory due dates. Despite being processed under section 143(1) prior to the Supreme Court's Checkmate judgment, the tribunal upheld disallowance of such contributions. Following precedents from BPS Infrastructure and Allied Motors, the tribunal determined that late contributions remain non-deductible. The assessee's challenge to the disallowance was rejected, with the tribunal affirming the CIT(A)'s reasoning that late statutory payments cannot be considered eligible for tax deduction. Consequently, the assessee's appeal was dismissed, maintaining the original disallowance of provident fund contribution expenses.

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ITAT adjudicated a tax dispute regarding disallowance of ...

Tax Deduction Denied: Late Employees' Provident Fund Contributions Ruled Non-Eligible Under Statutory Guidelines

May 16, 2025

Case Laws Income Tax AT

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