https://www.taxtmi.com/caselaws?id=117008 The Tribunal allowed the assessee's appeal and partly allowed the revenue's appeal. The disallowance of employees' and employer's contribution to PF, FPF, etc. was based on late payment grounds. The Tribunal held that employees' contribution falls beyond the scope of Section 43B, directing the Assessing Officer to delete the addition of employees' contribution. Payments made within the accounting year should be allowed as deductions, emphasizing the actual sum paid during the previous year. The Tribunal's decision was based on the interpretation of Section 43B and relevant precedents on deductions for contributions to funds for employees' welfare. en-us Wed, 14 May 2003 00:00:00 +0530 Tue, 19 Jun 2012 14:51:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117008 The Tribunal allowed the assessee's appeal and partly allowed the revenue's appeal. The disallowance of employees' and employer's contribution to PF, FPF, etc. was based on late payment grounds. The Tribunal held that employees' contribution falls beyond the scope of Section 43B, directing the Assessing Officer to delete the addition of employees' contribution. Payments made within the accounting year should be allowed as deductions, emphasizing the actual sum paid during the previous year. The Tribunal's decision was based on the interpretation of Section 43B and relevant precedents on deductions for contributions to funds for employees' welfare. Case-Laws Income Tax Wed, 14 May 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117008