Cheque Clearance of Payment to Employer Contribution after Due Date: ITAT quashes Addition referring to CBDT Circular [Read Order]

By Navasree A.M - On April 27, 2023 1:00 pm - 2 mins read
Cheque Clearance of Payment - Cheque Clearance of Payment to Employer Contribution - Employer Contribution after Due Date - Cheque Clearance - Payment - Employer Contribution - Due Date - ITAT - ITAT quashes Addition - CBDT Circular - taxscan

The Amritsar bench of Income Tax Appellate Tribunal (ITAT) quashed the assessment order as there was no delay in the payment of the employer contribution and disallowed the addition. The bench observed the Central Board of Direct Taxes (CBDT) circular No. 22/2015 dated 17.12.2015 which covered allowability of employer’s contribution to funds for the welfare…

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