https://www.taxtmi.com/caselaws?id=429059 SC upheld the impugned judgment holding that employers cannot claim deduction for employee contributions unless those amounts, deducted or received from employees, are deposited with the statutory funds on or before the due date. The Court distinguished employer's own contribution from employee-held amounts (deemed income under s.2(24)(x)) and affirmed that the non-obstante clause in s.43B does not relieve an employer of the statutory obligation to deposit employee contributions timely; strict compliance with s.36(1)(va) is required. en-us Wed, 12 Oct 2022 00:00:00 +0530 Tue, 09 Jun 2026 11:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429059 SC upheld the impugned judgment holding that employers cannot claim deduction for employee contributions unless those amounts, deducted or received from employees, are deposited with the statutory funds on or before the due date. The Court distinguished employer's own contribution from employee-held amounts (deemed income under s.2(24)(x)) and affirmed that the non-obstante clause in s.43B does not relieve an employer of the statutory obligation to deposit employee contributions timely; strict compliance with s.36(1)(va) is required. Case-Laws Income Tax Wed, 12 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429059