https://www.taxtmi.com/caselaws?id=15365 HC held that for deduction under section 43B payments to provident, superannuation or gratuity funds must be credited to employees' accounts by the statutory "due date"; payments made after that date, even if permitted with damages, do not qualify for deduction. The court rejected the Tribunal's view that payment before the financial year-end suffices, finding the proviso and main provision serve distinct purposes. The reference was answered against the assessee and in favour of the Revenue. en-us Mon, 04 Oct 1999 00:00:00 +0530 Wed, 08 Oct 2025 19:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15365 HC held that for deduction under section 43B payments to provident, superannuation or gratuity funds must be credited to employees' accounts by the statutory "due date"; payments made after that date, even if permitted with damages, do not qualify for deduction. The court rejected the Tribunal's view that payment before the financial year-end suffices, finding the proviso and main provision serve distinct purposes. The reference was answered against the assessee and in favour of the Revenue. Case-Laws Income Tax Mon, 04 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15365