9911796707
TMI Blog2018 (9) TMI 1305X X X X Extracts X X X X X X X X Extracts X X X X ..... the disallowance of bad debts and allow accordingly. We do not find any infirmity in the findings of CIT(A) and hence, upholding the same, we remit the issue to the file of AO with a direction to rework the disallowance and allow the same in accordance with law. Disallowance on account of belated remittance of PF and ESI - the assessee stated before the CIT(A) amounts towards PF & ESI were pai ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... see : Shri V. Siva Kumar ORDER PER S. RIFAUR RAHMAN, A.M.: This appeal filed by the revenue is directed against the order dated 27/11/2017 of CIT(A) 4, Hyderabad for AY 2014-15. 2. Brief facts of the case are, the assessee company engaged in chit fund business, entertainment, food processing and farm maintenance, filed its return of income for AY 2014-15 admitting tota ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ccount of belated remittance of ESI. 4. The CIT(A), with regard to the addition of bad debts written off, observed that the details filed by the assessee were verified and as per which the entire amount to be allowed as bad debts and following his earlier orders, directed the AO to verify and rework the disallowance of bad debts accordingly. As regards the disallowance on account of belated rem ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... allowance made u/s 36(1)(va) r.w.s 2(24)(x) of ₹ 30,513/-, if they were paid before the end of the Financial year, ignoring the fact that the assessee failed to deposit the same into Government account within the due dates under the relevant Acts. 4 Any other ground that may be urged at the time of hearing. 6. Considered the rival submissions and perused the material on record. A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... re paid, the same may be allowed. It is a settled position of law that if the contributions towards PF ESI are paid beyond the due date but before filing of the return of income u/s 139(1) of the Act, no disallowance can be made. Therefore, upholding the stand taken by the CIT(A), we remit this issue also to the file of the AO to verify whether the amounts paid before filing of the return of inc ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
