https://www.taxtmi.com/caselaws?id=178818 The HC upheld the ITAT's decision allowing the claim under Section 43B despite delayed payment of employee contributions to PF and ESI. It relied on the SC ruling in CIT v. Alom Extrusions Ltd., which held that the omission of the second proviso and amendment of the first proviso to Section 43B by the Finance Act, 2003 operate retrospectively from 1.4.1988. The Delhi HC's decision in CIT v. Amil Ltd. was also followed, establishing that if employee contributions are paid after the statutory due date but before the income tax return filing deadline, disallowance under Section 43B is not warranted. Since the assessee paid within the return filing deadline, the HC found no reason to overturn the Tribunal's ruling, deciding against the revenue. en-us Fri, 24 Jul 2015 00:00:00 +0530 Fri, 25 Jul 2025 13:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178818 The HC upheld the ITAT's decision allowing the claim under Section 43B despite delayed payment of employee contributions to PF and ESI. It relied on the SC ruling in CIT v. Alom Extrusions Ltd., which held that the omission of the second proviso and amendment of the first proviso to Section 43B by the Finance Act, 2003 operate retrospectively from 1.4.1988. The Delhi HC's decision in CIT v. Amil Ltd. was also followed, establishing that if employee contributions are paid after the statutory due date but before the income tax return filing deadline, disallowance under Section 43B is not warranted. Since the assessee paid within the return filing deadline, the HC found no reason to overturn the Tribunal's ruling, deciding against the revenue. Case-Laws Income Tax Fri, 24 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178818