https://www.taxtmi.com/caselaws?id=178839 The ITAT Chennai upheld the CIT(A)'s decision allowing deductions for employees' contributions towards Provident Fund and ESI, despite the Assessing Officer's disallowance under Sec. 43(B) of the Income Tax Act. The Revenue's appeal was dismissed, affirming that timely actual payment before the return filing deadline qualifies for relief, in line with legal precedent and the Act's provisions. The judgment clarified the importance of timely contributions for claiming deductions, settling the dispute in favor of the assessee. en-us Fri, 05 Apr 2013 00:00:00 +0530 Fri, 19 May 2017 14:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178839 The ITAT Chennai upheld the CIT(A)'s decision allowing deductions for employees' contributions towards Provident Fund and ESI, despite the Assessing Officer's disallowance under Sec. 43(B) of the Income Tax Act. The Revenue's appeal was dismissed, affirming that timely actual payment before the return filing deadline qualifies for relief, in line with legal precedent and the Act's provisions. The judgment clarified the importance of timely contributions for claiming deductions, settling the dispute in favor of the assessee. Case-Laws Income Tax Fri, 05 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178839