Employees Contribution to PF/ESI Deposited after Due Date is not Allowable as Deduction u/s 36(1)(va) of Income Tax Act: ITAT [Read Order]

By Sunayana Dhal - On June 23, 2023 8:30 am - 2 mins read
Employees - Contribution – PF-ESI - Deposited - after - Due - Date - not Allowable - Deduction - Income - Tax - Act - ITAT - TAXSCAN

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that Employees contribution to PF/ESI deposited after due date under the Income Tax Act is not allowable as deduction under Section 36(1)(va) of the Income Tax Act, 1961. The Assessee, Creative Textile Mills Pvt. Ltd. raised the ground that the Commissioner of Income Tax…

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