Delay in Payment of Employer’s Contribution is not lost on basis of deferment of Deduction on Payment basis u/s.43B: ITAT dismisses plea regarding Delay of Payment during COVID [Read Order]

By Namaskar Acharya - On August 9, 2023 7:00 pm - 2 mins read

Delay -payment -deferment -deduction -payment - ITAT -plea -delay -payment -COVID-TAXSCAN

The Bangalore bench of the Income Tax Appellate Tribunal held that any failure to pay within the prescribed due date under the respective PF Act or Scheme will result in negating employer’s claim for deduction permanently forever under section 36(1)(va). Also there is no exemption regarding payment is related to April, 2020, which is during…

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