https://www.taxtmi.com/caselaws?id=177415 Employer and employee contributions to provident fund and ESI paid during the same previous year, though after the prescribed due dates, were analysed in light of section 43B and section 2(24)(x) read with section 36(1)(va). The Tribunal preferred a construction aligned with the legislative object, noted ambiguity in the remittance timing provisions, and accepted the explanation of bona fide belief and shortage of funds where the delay was marginal and the payments were not made to defeat revenue. On that reasoning, the disallowance under section 43B and the corresponding deemed-income addition were held to be unsustainable. en-us Wed, 05 Feb 1997 00:00:00 +0530 Tue, 16 Dec 2025 10:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177415 Employer and employee contributions to provident fund and ESI paid during the same previous year, though after the prescribed due dates, were analysed in light of section 43B and section 2(24)(x) read with section 36(1)(va). The Tribunal preferred a construction aligned with the legislative object, noted ambiguity in the remittance timing provisions, and accepted the explanation of bona fide belief and shortage of funds where the delay was marginal and the payments were not made to defeat revenue. On that reasoning, the disallowance under section 43B and the corresponding deemed-income addition were held to be unsustainable. Case-Laws Income Tax Wed, 05 Feb 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177415