MYUNGHWA AUTOMOTIVE INDIA PRIVATE LIMITED, KANCHIPURAM V. ACIT,CORPORATE CIRCLE-4(1), CHENNAI

ITA 820/CHNY/2022

• Counselvise Citation: [2022] 103 COUNSELVISE.COM (IT) 9162 (ITAT-CHENNAI)
• Duration Of Justice: 1 month(s) 3 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 01-11-2022
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Next Hearing Date: 25-10-2022
• Assessment Year: 2017-2018
• Appeal Filed On: 28-09-2022
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: DIVYA SUKUMAR LD
• Section: 143(3)

Judgement Text

आयकर अपीलीय अिधकरण “ए” ायपीठ चे ई म । IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, CHENNAI माननीय *ी वी. द ु गा0 राव, ाियक सद2 एवं माननीय *ी मनोज कु मार अ7वाल ,लेखा सद2 के सम9। BEFORE HON’BLE SHRI V. DURGA RAO, JM AND HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM आयकरअपील सं./ IT A No.8 2 0 / Chn y/ 2 0 2 2 ( िनधा0रण वष0 / A sse s s m e n t Ye a r: 2 0 1 7 -1 8 ) M/s. Myunghwa Automotive India P. Ltd. No.112, Sidadivakkam Village, Kanchipuram-631 560. बनाम/ V s. The ACIT, Corporate Circle-4(1), Chennai. था यी ले खा सं . / जी आ इ आ र सं . / P A N / G I R N o . AAF C M -2 1 4 8 - H (अ पीलाथ /Appellant) : (#$थ / Respondent) अपीलाथ कीओरसे/ Appellant by : Ms. Divya Sukumar (FCA)- Ld. AR #$थ कीओरसे/Respondent by : Shri ARV Sreenivasan – (Addl. CIT)- Ld. DR सुनवाईकीतारीख/ Date of Hearing : 26-10-2022 घोषणाकीतारीख / Date of Pronouncement : 02-11-2022 आदेश / O R D E R Manoj Kumar Aggarwal (Accountant Member): 1. In this appeal for Assessment Year (AY) 2017-18, the sole grievance of the assessee is confirmation of disallowance of Employees’ Contribution to PF / ESI in terms of Sec.43B r.w.s. 36(1)(va) as well as Sec. 2(24)(x). This issue was hitherto being decided by us in assessee’s favor, inter-alia, by relying upon the decision of Hon’ble High Court of Madras in CIT v. Industrial Security & Intelligence India (P.) Ltd. (TCA No. 585 of 2015, dated 24-7-2015). However, now this issue has 2 been decided by Hon’ble Supreme Court in favor of revenue in its recent decision in bunch of appeals titled as Checkmate Services P. Ltd. Vs CIT (Civil Appeal No.2833 of 2016 dated 12.10.2022). It is admitted position that this decision applies to the facts of case before us. In the above background, the appeal is disposed-off as under. 2. The assessee’s return was scrutinized u/s 143(3) on 16.12.2019. The Ld. AO made disallowance u/s 36(1)(va) for Rs.8.55 Lacs since the employees’ contribution to various welfare funds like ESI & PF were remitted beyond due dates as prescribed in respective acts. The Ld. CIT(A) relied on the amendment made by Finance Act, 2021 to confirm the disallowance. Aggrieved, the assessee is in further appeal before us. 3. Respectfully following the binding decision of Hon’ble Supreme Court as cited above, the stand of Ld. CIT(A) stand confirmed. The appeal stands dismissed. Order pronounced on 02 nd November, 2022. Sd/- (V. DURGA RAO) ाियक सद2 /JUDICIAL MEMBER Sd/- (MANOJ KUMAR AGGARWAL) लेखा सद2 / ACCOUNTANT MEMBER चे5ई / Chennai ; िदनांक / Dated : 02-11-2022 EDN/- आदेश की Vितिलिप अ 7ेिषत/Copy of the Order forwarded to : 1. अपीलाथ /Appellant 2. यथ /Respondent 3. आयकर आयु (अपील)/CIT(A) 4. आयकर आयु /CIT 5. िवभागीय ितिनिध/DR 6. गाड फाईल/GF