No Deduction for Delay in Deposit of Employees’ Contributions to ESIC and PF: ITAT Upholds Disallowance u/s 36(1)(va) [Read Order]

The Surat Bench of Income Tax Appellate Tribunal(ITAT) upheld the disallowance of deductions for delayed employee contributions to the Employees’ State Insurance Corporation (ESIC) and provident fund (PF) under Section 36(1)(va) of Income Tax Act,1961. Mohmed Hasib Tejamul Shaikh,the appellant-assessee,contested the addition under Section 36(1)(va) regarding delayed employee contributions totaling Rs. 2,74,781. He asserted that…