Delayed remittance of employees’ contribution due to mis-utilization of  funds: ITAT upholds disallowance [Read Order]

The Income Tax Appellate Tribunal (ITAT) Mumbai bench upheld the disallowance made by the lower authority towards the delayed remittance of employees contribution by reason of mis-utilization of funds. Assessee, Krystal Integrated Services Pvt Ltd filed the  appeal before the tribunal by challenging the disallowance towards delayed remittance of employees’ contribution by the assessee  under…