https://www.taxtmi.com/caselaws?id=244931 Employees' contribution to provident fund and ESI is treated as income on receipt by the employer under section 2(24)(x), but the Karnataka High Court stated that it remains deductible if credited to the relevant fund before the due date for filing the return under section 139(1). It construed sections 36(1)(va) and 43-B with the provident fund scheme provisions and held that delayed deposit under the welfare laws does not, by itself, justify denial of deduction under the Income-tax Act where payment is made before the return-filing deadline. The disallowance was therefore not sustainable. en-us Tue, 04 Feb 2014 00:00:00 +0530 Tue, 17 Feb 2015 15:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244931 Employees' contribution to provident fund and ESI is treated as income on receipt by the employer under section 2(24)(x), but the Karnataka High Court stated that it remains deductible if credited to the relevant fund before the due date for filing the return under section 139(1). It construed sections 36(1)(va) and 43-B with the provident fund scheme provisions and held that delayed deposit under the welfare laws does not, by itself, justify denial of deduction under the Income-tax Act where payment is made before the return-filing deadline. The disallowance was therefore not sustainable. Case-Laws Income Tax Tue, 04 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244931