Failure to Deposit Employees’ share of PF and ESIC within prescribed time under Respective Act: ITAT upholds Disallowance [Read Order]

The Pune bench Income Tax Appellate Tribunal ( ITAT ) while upheld the disallowance observed that the assessee Failed to deposit employees share of Provident Fund and Employee State Insurance Corporation within the prescribed time under the respective Act.  During the assessment proceedings of assessee Kothari Wheels, CPC, Bengaluru made disallowance of Rs.93,37,905/- in the intimation under…