Payment towards Employees’ contribution on account of PF/ESIC made after due date prescribed relevant statutes attract Disallowance u/s 36(1)(va) of Income Tax Act: ITAT dismisses assesee Appeal [Read Order]

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, held that payments towards employees’ contributions on account of Provident Fund and Employee State Insurance Contributions made after the due date prescribed under relevant statutes should attract disallowance under section 36(1)(va) of the Income Tax Act, 1961. Consequently, the bench, after considering the matter, dismissed the appeal…