BARBATE AUTOMOTIVE (INDIA) PRIVATE LTD,NAGPUR vs. DCIT/ACIT CIRCLE-3, NAGPUR
In the result, appeal filed by the assessee is dismissed
ITA 168/NAG/2024[2017-18]Status: DisposedITAT Nagpur16 May 2024AY 2017-18
Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member
For Appellant: Shri Sanjay ThakarFor Respondent: Shri Abhay Y. Marathe
Section 143(2)Section 143(3)Section 2(24)(x)Section 312Section 34(1)(iv)Section 36(1)(va)Section 43Section 438Section 43B
disallowed the Employee
Contribution to Welfare Fund of Rs. 7,88,452 Under Section 43B of the Income
Tax Act, 1961 as late deposit of employees contribution towards ESIC/EPF.
The AO ruled that by virtue of Section 36(1)(va) read with Section 2(24)(x) of the IT Act, such sums received by the appellants constituted "income". Those amounts
