2024 (3) TMI 1357 - HC - Income Tax

Delayed contribution to Provident Fund and Employee s State Insurance - scope of adjustments u/s 143(1) - HELD THAT - This Tax Appeal is admitted for consideration of the following substantial question of law (A) Whether the Income Tax Appellate Tribunal has erred in law and on facts in confirming the disallowance of Rs.22,68,438/- on account of delayed contribution to Provident Fund and Employee s State Insurance which were debatable and contentious in nature and therefore were beyond the scope of adjustments under Section 143(1) of the Income Tax Act?

Summary

The Gujarat High Court, with Honourable Mr. Justice Bhargav D. Karia and Honourable Mr. Justice Niral R. Mehta presiding, heard a Tax Appeal regarding the disallowance of Rs.22,68,438 on account of delayed contribution to Provident Fund and Employee's State Insurance. The substantial question of law considered was whether the Income Tax Appellate Tribunal erred in confirming the disallowance. The appeal was admitted for consideration along with Tax Appeal No.331 of 2023. Appellant represented by Mr. B.S. Soparkar and respondent by Senior Standing Counsel Mr. Karan Sanghani.