https://www.taxtmi.com/caselaws?id=459680 Employee's contribution to provident fund and ESI deposited after the due date prescribed under the welfare laws was held not deductible under section 36(1)(va) of the Income-tax Act, 1961. The Tribunal rejected a liberal reading of the Employees' Provident Fund Scheme and followed the contrary view of the Madras High Court, which requires remittance within the stipulated time from the close of the month for which salary is earned. On that basis, delayed payment attracted disallowance, the request for remand was refused, and the addition for delayed employee contribution remained undisturbed. en-us Wed, 31 May 2023 00:00:00 +0530 Mon, 23 Dec 2024 10:30:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459680 Employee's contribution to provident fund and ESI deposited after the due date prescribed under the welfare laws was held not deductible under section 36(1)(va) of the Income-tax Act, 1961. The Tribunal rejected a liberal reading of the Employees' Provident Fund Scheme and followed the contrary view of the Madras High Court, which requires remittance within the stipulated time from the close of the month for which salary is earned. On that basis, delayed payment attracted disallowance, the request for remand was refused, and the addition for delayed employee contribution remained undisturbed. Case-Laws Income Tax Wed, 31 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459680