Auditor’s Misreporting leads to Income Tax Addition of Rs. 3.7cr on Payment of ESI/PF : ITAT restores matter to CIT(A) [Read Order]

The CIT(A) was instructed to re-assess the disallowance, taking into account the detailed submissions and evidence provided by the assessee
By Navasree A.M - On September 4, 2024 7:58 pm - 2 mins read
Income Tax Addition - Auditor Misreporting - PF Payment - ITAT Delhi Decision - Income Tax Tribunal Case - Taxscan

The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) has restored the matter of income tax addition of Rs. 3.7 crores on payment of ESI/ PF due to auditor’s misreporting. The assessee, engaged in management recruitment services, had initially reported a total income of Rs. 13,59,700 for the assessment year 2017-18, later revised…

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