The Tax Publishers2021 TaxPub(DT) 0404 (Ahd-Trib)

INCOME TAX ACT, 1961

Section 36(1)(va)

Employees' contribution towards PF and ESIC deposited beyond due date could not be allowed as deductible.

Business deduction under section 36(1)(va) - Employees' contribution towards PF and ESIC - Delayed deposit -

Assessee claimed deduction of payment made on account of employees' contribution towards PF and ESIC. AO disallowed deduction on account of deposit beyond due date under relevant Act.Held: Employees' contribution towards PF and ESIC deposited beyond due date could not be allowed as deductible.

Followed:CIT v. GSTRC (2014) 41 Taxmann.com 100 (Guj-HC) : 2014 TaxPub(DT) 1235 (Guj-HC).

REFERRED :

FAVOUR : In assessee's favour.

A.Y. : 2012-13 & 2006-07

INCOME TAX ACT, 1961

Section 32(1)

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