https://www.taxtmi.com/caselaws?id=373899 Employees' contribution to provident fund and ESI, when remitted after the due date under the welfare enactment but before the return-filing due date under section 139(1), was treated as allowable under the statutory scheme discussed by ITAT Visakhapatnam. The Tribunal followed a coordinate bench view that no distinction should be drawn, for this purpose, between employer's and employees' contribution where payment is made before the income-tax return due date. It also applied the rule that, where two reasonable interpretations of a taxing provision are possible, the interpretation favourable to the assessee should prevail. On that basis, the disallowance was found unsustainable. en-us Fri, 18 Jan 2019 00:00:00 +0530 Tue, 22 Jan 2019 08:05:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373899 Employees' contribution to provident fund and ESI, when remitted after the due date under the welfare enactment but before the return-filing due date under section 139(1), was treated as allowable under the statutory scheme discussed by ITAT Visakhapatnam. The Tribunal followed a coordinate bench view that no distinction should be drawn, for this purpose, between employer's and employees' contribution where payment is made before the income-tax return due date. It also applied the rule that, where two reasonable interpretations of a taxing provision are possible, the interpretation favourable to the assessee should prevail. On that basis, the disallowance was found unsustainable. Case-Laws Income Tax Fri, 18 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373899