Held that the assessee had failed to make deposit of employee’s contributions to PF/ESI within due date specified under relevant statute, same was not allowed as deduction under section 36(1)(va) read with section 2(24)(x) of the Act. (AY. 2014-15)
Vidras India Ceramics (P.) Ltd. v. DCIT (2021) 190 ITD 551 (Ahd.) (Trib.)
S. 36(1)(va) : Any sum received from employees-Failed to make deposit of employee’s contributions to PF/ESI within due date specified under relevant statute-Not allowable as deduction. [S. 2(24)(x)]