https://www.taxtmi.com/caselaws?id=326628 The Court allowed the appeal filed by the Public Sector Undertaking, overturning the Tribunal's decision. It held that the delayed payment of employees' provident fund should not be treated as income under the Income Tax Act. The Court emphasized the importance of actual payment before the return filing date, entitling the assessee to deduction. As the amounts were credited before the return filing date, the addition was deleted in favor of the assessee and against the Revenue. en-us Wed, 16 Mar 2016 00:00:00 +0530 Sat, 13 May 2017 12:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326628 The Court allowed the appeal filed by the Public Sector Undertaking, overturning the Tribunal's decision. It held that the delayed payment of employees' provident fund should not be treated as income under the Income Tax Act. The Court emphasized the importance of actual payment before the return filing date, entitling the assessee to deduction. As the amounts were credited before the return filing date, the addition was deleted in favor of the assessee and against the Revenue. Case-Laws Income Tax Wed, 16 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326628