https://www.taxtmi.com/caselaws?id=462985 ITAT Pune upheld the disallowance under section 36(1)(va) for delayed deposit of employees' share of PF and ESIC contributions beyond the prescribed due date. The tribunal rejected the assessee's claim that the deduction could be allowed based on the date of wage payment under the Payment of Wages Act, clarifying that the Act does not prescribe the deposit timeline for employees' contributions. The relevant statutes require deposit within 15 days of the month's end. Since the contributions were not credited to employees' accounts by the due date, the addition was justified. The CIT(A)'s order sustaining the adjustment under section 143(1)(a) was affirmed, and the assessee's appeal was dismissed. en-us Wed, 18 Oct 2023 00:00:00 +0530 Tue, 29 Jul 2025 20:09:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462985 ITAT Pune upheld the disallowance under section 36(1)(va) for delayed deposit of employees' share of PF and ESIC contributions beyond the prescribed due date. The tribunal rejected the assessee's claim that the deduction could be allowed based on the date of wage payment under the Payment of Wages Act, clarifying that the Act does not prescribe the deposit timeline for employees' contributions. The relevant statutes require deposit within 15 days of the month's end. Since the contributions were not credited to employees' accounts by the due date, the addition was justified. The CIT(A)'s order sustaining the adjustment under section 143(1)(a) was affirmed, and the assessee's appeal was dismissed. Case-Laws Income Tax Wed, 18 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462985