https://www.taxtmi.com/caselaws?id=308537 Belated remittance of provident fund contributions and related charges attracts damages under Section 14-B of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952, because the employer must deposit both employer's and employees' contributions with administrative charges within the prescribed time. The Court also held that even though the statute prescribed no limitation period, initiation of proceedings after an inordinate delay of 41/2 to 8 years was unreasonable and prejudicial to the employer's defence. The delay did not invalidate the proceedings, but it justified moderation of the damages on grounds of fairness, resulting in a 50% reduction. en-us Mon, 23 Jun 1997 00:00:00 +0530 Mon, 03 Jul 2023 18:05:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308537 Belated remittance of provident fund contributions and related charges attracts damages under Section 14-B of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952, because the employer must deposit both employer's and employees' contributions with administrative charges within the prescribed time. The Court also held that even though the statute prescribed no limitation period, initiation of proceedings after an inordinate delay of 41/2 to 8 years was unreasonable and prejudicial to the employer's defence. The delay did not invalidate the proceedings, but it justified moderation of the damages on grounds of fairness, resulting in a 50% reduction. Case-Laws Indian Laws Mon, 23 Jun 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308537