https://www.taxtmi.com/caselaws?id=120998 The Tribunal allowed deductions for employer's and employees' contributions to the Provident Fund (PF) paid within the grace period before the due date for filing the return of income. It held that payments made within the grace period allowed under the relevant statute are deductible. The Tribunal emphasized that the omission of the second proviso to section 43B is prospective from 1-4-2004 and does not have retrospective effect. The Assessing Officer was directed to verify the facts of each case and consider the claims accordingly, with all appeals filed by the Department allowed for statistical purposes. en-us Wed, 29 Aug 2007 00:00:00 +0530 Sun, 20 Jan 2013 19:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120998 The Tribunal allowed deductions for employer's and employees' contributions to the Provident Fund (PF) paid within the grace period before the due date for filing the return of income. It held that payments made within the grace period allowed under the relevant statute are deductible. The Tribunal emphasized that the omission of the second proviso to section 43B is prospective from 1-4-2004 and does not have retrospective effect. The Assessing Officer was directed to verify the facts of each case and consider the claims accordingly, with all appeals filed by the Department allowed for statistical purposes. Case-Laws Income Tax Wed, 29 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120998