TaxTMI 
TaxTMI 
2025 (4) TMI 741
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.... for Assessment Year: 2022-23. 2. Brief facts of case are that on 29/09/2022 appellant/assesse filed return of income for the Assessment Year 2022-23 on taxable income of Rs.19,88,38,710/-. Intimation order u/s 143(1) was passed by the CPC on 08/03/2023 on the taxable income of Rs.19,96,75,900/- and additions, disallowance u/s 36(1)(va) amounting to Rs.8,37,196/- on account of late deposit of EPF for the month of May, 2021, due on 15/06/2021 and deposited by the assessee on 16/06/2021. 3. Appellant/assessee preferred appeal before Learned CIT(A) which was dismissed vide order dated 07/06/2024. 4. Being aggrieved appellant/assesse preferred present appeal. 5. Learned Authorized Representative for appellant/assessee submitted that Learned....
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....esearch Services (P.) Ltd. v. Deputy Commissioner of Income-tax ([2023] 154 taxmann.com 251) has held that Assessee could not be penalized with addition on the account of delayed deposits when Assessee had initially deposited employee contribution before the prescribed due date but due to the glitches on the portal such amount was reversed by Bank. The relevant extracts of the judgment are provided below: '8. We are therefore of the view that when the assessee had initially deposited the employees dues before the prescribed due dates but due to the glitches at the end of the respective authorities, the amounts were reversed by the bank, then the assessee cannot be penalized with the addition on account of delayed deposits......' ....
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.... account of system and connectivity issues at the bankers' end, which was beyond the control of the assessee. The learned Commissioner of Income-tax (Appeals) was thus not justified in holding the levy of interest on the alleged late deposit of tax deducted at source under section 201(1) read with section 201(IA) of the Act. He was, however, justified in deciding the issue of delay in payment of TDS in favour of the assessee questioned by the Revenue in view of the decision of the hon'ble Supreme Court in the case of CIT v. Ogale Glass Works Ltd. [1954] 25 ITR 529. " Hon'ble ITAT, Delhi Bench in case of Natma Securities Ltd V. ACIT [2022] 145 taxmann.com 291) has observed that no interest could be levied under section 201(1A) w....
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....ity or, as the case may be the identity of his family members or dependents through Aadhaar number. (3) In compliance of the above provision in EPFO, the Competent Authority has approved that the ECR shall be allowed to be filed only for those members, whose Aadhaar numbers are seeded and verified with the UANs, w.e.f. 01.06.2021' (4) Accordingly, the employers shall be allowed to file the ECR only for the UANs seeded with Aadhaar, w.e.f. 01. 06.2021... The EPFO vide Circular No. WSU/15(1)2019/ATR/529 (enclosed as Annexure 3) had extended the due date for mandatory seeding of Aadhar by Individuals till 01 September 2021. The relevant extract of the circular is:- In partial modification of the Circular under Reference, it is informed....