BHARAI INDUSTRIAL PROMOTERS PRIVATE LIMITED , CHENNAI V. ACIT , CHENNAI

ITA 987/CHNY/2022

AI Insights

The case involves Bhari Industrial Promoters Pvt. Ltd., the appellant, contesting an assessment by the ACIT Corporate Circle-1(1), Chennai, for the Assessment Year 2017-18. The primary issue was the disallowance of late payment of Employees' Contribution to PF/ESI under Section 43B read with Section 36(1)(va) and Section 2(24)(x) of the Income Tax Act. The Tribunal, referencing a Supreme Court decision, upheld the disallowance. Additionally, there was a discrepancy in the assessed income amounting to Rs.30.32 Lacs, which included an erroneous addition of income from other sources. The Tribunal directed a correction to align the assessed income with the filed return, which was Rs.29.52 Lacs.

• Counselvise Citation: [2023] 140 COUNSELVISE.COM (IT) 134071 (ITAT-CHENNAI)
• Duration Of Justice: 1 month(s) 21 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 11-01-2023
• Appeal Filed By: Assessee
• Order Result: PartlyAllowed
• Bench Allotted: C
• Next Hearing Date: 11-01-2023
• Assessment Year: 2017-2018
• Appeal Filed On: 21-11-2022
• Other Referred Cases: Checkmate Services P. Ltd. Vs CIT (Civil Appeal No.2833 of 2016 dated 12.10.2022)
• Laws Referred To: Sec.43B r.w.s. 36(1)(va), Sec.2(24)(x)
• Result in Favour of: Assessee
• Court: TRIBUNAL

Judgement Text

आयकर अपीलीय अिधकरण ’सी’ ायपीठ चे ई म । IN THE INCOME TAX APPELLATE TRIBUNAL ‘C’ BENCH, CHENNAI माननीय +ी वी. द ु गा1 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./ ITA No.987/Chny/2022 ( िनधा1रण वष1 / Assessment Year: 2017-18) Bhari Industrial Promoters Pvt. Ltd. No.4, Buhari Building, 3 rd Floor, Moores Road, Thousand Lights, Chennai – 600 006. बनाम / V s. ACIT Corporate Circle-1(1), Chennai. थायीलेखासं./जीआइआरसं./PAN/GIR No. AAACB-3 1 4 2 -P (अपीलाथ /Appellant) : ("#थ / Respondent) अपीलाथ कीओरसे/ Appellant by : Shri V. Padmanaban (FCA) – Ld. A.R "#थ कीओरसे/Respondent by : Shri P. Sajit Kumar - (JCIT) – Ld. D.R सुनवाईकीतारीख/Date of Hearing : 12-01-2023 घोषणाकीतारीख /Date of Pronouncement : 12-01-2023 आदेश / O R D E R Manoj Kumar Aggarwal (Accountant Member): 1. In the aforesaid appeal for Assessment Year 2017-18, the sole issue that fall for our consideration is disallowance of late payment of Employees’ Contribution to PF / ESI in terms of Sec.43B r.w.s. 36(1)(va) as well as Sec.2(24)(x). During hearing, it transpires that this issue, on merits, now stood covered against the assessee by the recent decision of Hon’ble Supreme Court in bunch of appeals titled as Checkmate Services P. Ltd. Vs CIT (Civil Appeal No.2833 of 2016 dated 2 12.10.2022). Respectfully following the same, the impugned disallowance stand confirmed. 2. Another grievance of the assessee is that the income has been assessed at Rs.30.32 Lacs in the assessment order whereas in the computation sheet, income from other sources for Rs.1,82,953/- has erroneously been added. From the perusal of ITR-V as filed by the assessee, it is seen that the assessee has filed return of income at Rs.29.52 Lacs which, prima facie, do not include such income from other sources. Therefore, we direct Ld. AO to rectify the computation sheet after verifying the same. 3. In the result, the appeal stand partly allowed for statistical purposes. Order pronounced on 12 th January, 2023. Sd/- (V. DURGA RAO) ाियक सद2 /JUDICIAL MEMBER Sd/- (MANOJ KUMAR AGGARWAL) लेखा सद2 / ACCOUNTANT MEMBER चे4ई / Chennai; िदनांक / Dated : 12-01-2023 EDN/- आदेश की Uितिलिप अ7ेिषत/Copy of the Order forwarded to : 1. अपीलाथ /Appellant 2. "#थ /Respondent 3. आयकर आयु= (अपील)/CIT(A) 4. आयकर आयु=/CIT 5. िवभागीय "ितिनिध/DR 6. गाडB फाईल/GF