The tribunal case of Adma Solution P Ltd vs. ACIT centers on the disallowance of PF and ESI payments which were not made within the statutory deadlines, but before the due date of the income tax return filing.
The case arises from the order of CIT(A) that upheld the adjustments made by the A.O, CPC on delayed payments contributing to PF and ESI for the A.Y. 2018-2019.
The tribunal analyzed several precedents and amendments to determine whether the payments made after statutory deadlines but before the tax return due date should be disallowed. The article will explore the tribunal’s reasoning and the broader legal implications for tax compliance and financial management within corporations.
The decision in ITA 1800/DEL/2020 reflects an evolving interpretation of tax laws concerning employee benefit contributions, impacting corporate tax strategies and compliance.
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