https://www.taxtmi.com/caselaws?id=364661 Employees' contribution to provident fund and ESI is treated as income under section 2(24)(x) and remains deductible only if credited to the relevant fund on or before the due date under section 36(1)(va). Section 43B(b) applies separately to employer's contribution and does not override the specific restriction governing employees' contribution. The earlier distinction recognised in Alom Extrusions was confined to employer's contribution, and the reasoning in Merchem Ltd. was held to remain correct. Delayed deposit of employees' contribution therefore does not qualify for deduction, and the disallowance is sustained. en-us Mon, 02 Jul 2018 00:00:00 +0530 Mon, 21 Jul 2025 14:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364661 Employees' contribution to provident fund and ESI is treated as income under section 2(24)(x) and remains deductible only if credited to the relevant fund on or before the due date under section 36(1)(va). Section 43B(b) applies separately to employer's contribution and does not override the specific restriction governing employees' contribution. The earlier distinction recognised in Alom Extrusions was confined to employer's contribution, and the reasoning in Merchem Ltd. was held to remain correct. Delayed deposit of employees' contribution therefore does not qualify for deduction, and the disallowance is sustained. Case-Laws Income Tax Mon, 02 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364661