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of <h1>Clarification on Employer Contributions to Employee Welfare Funds u/s 43B(b) as per Supreme Court Ruling.</h1> The circular addresses the allowability of employer contributions to employee welfare funds under section 43B(b) of the Income Tax Act. It clarifies that deductions for such contributions are permissible if paid by the due date for filing income tax returns, as per the Supreme Court's decision in Commissioner vs. Alom Extrusions Ltd. This decision, effective from April 1, 1988, ensures contributions are treated similarly to other taxes and fees. The circular instructs tax officers not to pursue appeals on this issue and to withdraw existing ones. It does not apply to employee contributions governed by section 36(1)(va).
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