Residuary Provisions under Income Tax Act not Applicable to Disallowances for Late Payment of EPF & ESI: ITAT [Read Order]

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The Chennai Bench of Income Tax Appellate Tribunal (ITAT) held that the residuary provisions which are present under the Income Tax Act are not applicable to disallowances for late payment of Employees’ Provident Fund (EPF) and Employees’ State Insurance (ESI). The assessee in this case was disallowed by the Assessing Officer (AO) for late payment…

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