https://www.taxtmi.com/caselaws?id=242281 The dominant issue was whether employees' contributions to PF/ESI, not deposited within the due dates under the respective welfare statutes, are deductible by applying s. 43B despite s. 36(1)(va) read with s. 2(24)(x). The HC held that s. 36(1)(va) expressly conditions deduction on crediting the employees' share to the relevant fund on or before the statutory "due date" defined in its Explanation, and deletion of the second proviso to s. 43B by the Finance Act, 2003 did not amend or dilute s. 36(1)(va) for employees' contributions. The SC ruling in Alom Extrusions was distinguished as relating to employer contributions. Accordingly, disallowance/additions were upheld in favour of the Revenue. en-us Thu, 26 Dec 2013 00:00:00 +0530 Thu, 18 Dec 2025 12:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242281 The dominant issue was whether employees' contributions to PF/ESI, not deposited within the due dates under the respective welfare statutes, are deductible by applying s. 43B despite s. 36(1)(va) read with s. 2(24)(x). The HC held that s. 36(1)(va) expressly conditions deduction on crediting the employees' share to the relevant fund on or before the statutory "due date" defined in its Explanation, and deletion of the second proviso to s. 43B by the Finance Act, 2003 did not amend or dilute s. 36(1)(va) for employees' contributions. The SC ruling in Alom Extrusions was distinguished as relating to employer contributions. Accordingly, disallowance/additions were upheld in favour of the Revenue. Case-Laws Income Tax Thu, 26 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242281