2024 (7) TMI 28

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....NJAY GARG, JUDICIAL MEMBER: The present appeal has been preferred by the assessee against the order dated 02.02.2024 of the National Faceless Appeal Centre [hereinafter referred to as 'CIT(A)'] passed u/s 250 of the Income Tax Act (hereinafter referred to as the 'Act'). 2. The assessee in this appeal has taken the following grounds of appeal: "1. For that the Ld. CIT(Appeal) erred in making di....

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..... counsel for the assessee has submitted that the deposits towards PF and ESI totalling to Rs. 85,23,450/- consist of employees' contribution and employer's contribution. The Assessing Officer treated the entire amount as employees' contribution towards Provident Fund and Employees State Insurance. He disallowed the entire amount u/s 36(1)(va) r.w.s. 2(24)(x) of the Act on account of delayed depos....