https://www.taxtmi.com/caselaws?id=255870 The High Court ruled in favor of the assessee in an appeal concerning the due date for payment of employer's contributions to PF under section 43B(b) of the IT Act, 1961. The Court disagreed with the Income Tax Appellate Tribunal's interpretation, holding that the due date should be based on the actual payment date, not the month-end. By referencing a previous judgment and the Supreme Court decision in Commissioner of Income Tax Vs. Alom Extrusions Ltd., the Court concluded that the Tribunal's interpretation was incorrect. The appeals were allowed in favor of the assessee, aligning with established legal principles and precedents. en-us Mon, 22 Dec 2014 00:00:00 +0530 Thu, 29 Jan 2015 06:32:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255870 The High Court ruled in favor of the assessee in an appeal concerning the due date for payment of employer's contributions to PF under section 43B(b) of the IT Act, 1961. The Court disagreed with the Income Tax Appellate Tribunal's interpretation, holding that the due date should be based on the actual payment date, not the month-end. By referencing a previous judgment and the Supreme Court decision in Commissioner of Income Tax Vs. Alom Extrusions Ltd., the Court concluded that the Tribunal's interpretation was incorrect. The appeals were allowed in favor of the assessee, aligning with established legal principles and precedents. Case-Laws Income Tax Mon, 22 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255870