https://www.taxtmi.com/caselaws?id=303978 The ITAT Pune, in a case concerning the addition of late deposits of employees' share of ESIC/PF for A.Y. 2018-19 and 2019-20, ruled in favor of the assessee. The disallowance made by the Assessing Officer under section 36(1)(va) of the Income-tax Act, 1961 was deleted. Citing the judgment of the Hon'ble Bombay High Court in CIT Vs. Ghatge Patil Transports Ltd., the ITAT held that the delayed deposits, made before filing the return of income, should not be disallowed. The ITAT emphasized the importance of timely compliance with statutory requirements and applied legal principles consistently across both assessment years. en-us Tue, 29 Mar 2022 00:00:00 +0530 Tue, 30 Aug 2022 08:34:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303978 The ITAT Pune, in a case concerning the addition of late deposits of employees' share of ESIC/PF for A.Y. 2018-19 and 2019-20, ruled in favor of the assessee. The disallowance made by the Assessing Officer under section 36(1)(va) of the Income-tax Act, 1961 was deleted. Citing the judgment of the Hon'ble Bombay High Court in CIT Vs. Ghatge Patil Transports Ltd., the ITAT held that the delayed deposits, made before filing the return of income, should not be disallowed. The ITAT emphasized the importance of timely compliance with statutory requirements and applied legal principles consistently across both assessment years. Case-Laws Income Tax Tue, 29 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303978