2025 (4) TMI 1928

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....r the Department represented : Kausik Ray, JCIT ORDER PER SANJAY AWASTHI, ACCOUNTANT MEMBER: 1. The present appeal arises from order u/s 250 of the Income Tax Act, 1961 (hereinafter "the Act"), passed by the Ld. Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi [hereafter the Ld. CIT(A)"] vide order dated 21.05.20254 for AY 2022-23. 1.1 In this case, t....

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....d claimed deduction under section 43B of the Income Tax Act, 1961. The appellant had also made a provision for P.F Liabilities for 6 months from October, 2021 to March, 2022 amounting to Rs. 24,20,710.86/- in the books of accounts. 1.2 The appellant claims that it has deposited the said P.F Liabilities of Rs. 24,20,710.86 on various dates before the due date of filing return of income for the a....

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.... hearing, none appeared on behalf of the assessee but it was decided to proceed ahead with the adjudication with the help of Ld. DR. The Ld. DR supported the order of Ld. CIT(A) and stated that while the issue pertaining to Staff & Labour Bonus has been directed to be verified by the Ld. AO, the issue of PF Liabilities has been rightly held against the assessee on the basis of the case of Checkmat....