Delayed remittance of employees’ contribution due to mis-utilization of  funds: ITAT upholds disallowance [Read Order]

Delayed remittance of employees’ contribution -delayed remittance - employees’ contribution - mis-utilization of funds - ITAT upholds disallowance - ITAT - taxscan

The Income Tax Appellate Tribunal (ITAT) Mumbai bench upheld the disallowance made by the lower authority towards the delayed remittance of employees contribution by reason of mis-utilization of funds. Assessee, Krystal Integrated Services Pvt Ltd filed the  appeal before the tribunal by challenging the disallowance towards delayed remittance of employees’ contribution by the assessee  under…

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