T P Roy Chowdhury & Company Pvt. Ltd vs. DCIT, Circle-7(1), Kolkata
Case No: I.T.A. No.2402/Kol/2025
Court: Income Tax Appellate Tribunal, Kolkata
Date: 12/30/2025
Parties Involved
appellantT P Roy Chowdhury & Company Pvt. Ltd
respondentDCIT, Circle-7(1), Kolkata
Facts Summary
The assessee, T P Roy Chowdhury & Company Pvt. Ltd, filed its Income Tax Return for the Assessment Year 2017-18 declaring a total income of Rs. 6,19,94,350/-. The Assessing Officer disallowed a sum of Rs.9,93,993/- from the total income, treating the delayed deposit of PF and ESI contributions as income. The assessee appealed this order before the CIT(A), which was dismissed. The assessee then filed a rectification application under section 154 of the Act, arguing that a portion of the delayed p…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the delayed deposit of employees' contribution towards PF and ESI due to a national holiday should be disallowed as income.
Precedents Relied Upon
3 precedents cited in this judgement.