https://www.taxtmi.com/caselaws?id=17973 The court ruled against the assessee and in favor of the Revenue, holding that deductions under section 43B of the Income-tax Act, 1961 for contributions made towards provident fund could only be claimed in the year the sum was actually paid, not the year it was due. The court emphasized that the assessee was not entitled to deductions for employers' contribution despite it being due in the relevant period, as per the provisions of section 43B. The judgment clarified the application of the Act's provisions and implications on deductions, ultimately favoring the Revenue on the issue. en-us Wed, 19 Feb 1997 00:00:00 +0530 Sat, 26 Sep 2009 10:23:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17973 The court ruled against the assessee and in favor of the Revenue, holding that deductions under section 43B of the Income-tax Act, 1961 for contributions made towards provident fund could only be claimed in the year the sum was actually paid, not the year it was due. The court emphasized that the assessee was not entitled to deductions for employers' contribution despite it being due in the relevant period, as per the provisions of section 43B. The judgment clarified the application of the Act's provisions and implications on deductions, ultimately favoring the Revenue on the issue. Case-Laws Income Tax Wed, 19 Feb 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17973