https://www.taxtmi.com/caselaws?id=460248 ITAT Delhi held that employer's PF/ESI contributions are deductible if remitted before the due date for filing income tax returns. The matter was remanded to AO for verification of remittance dates. For employee contributions, the tribunal restored the issue to AO citing precedent that salary accrual without disbursement doesn't create deposit obligations under labor Acts. Interest under sections 234A and 234B were also remanded - section 234A interest was disputed as return was filed within extended deadline per CBDT circular, while section 234B interest was deemed consequential. All grounds allowed for statistical purposes with directions for AO re-examination. en-us Tue, 26 Sep 2023 00:00:00 +0530 Thu, 16 Jan 2025 20:32:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460248 ITAT Delhi held that employer's PF/ESI contributions are deductible if remitted before the due date for filing income tax returns. The matter was remanded to AO for verification of remittance dates. For employee contributions, the tribunal restored the issue to AO citing precedent that salary accrual without disbursement doesn't create deposit obligations under labor Acts. Interest under sections 234A and 234B were also remanded - section 234A interest was disputed as return was filed within extended deadline per CBDT circular, while section 234B interest was deemed consequential. All grounds allowed for statistical purposes with directions for AO re-examination. Case-Laws Income Tax Tue, 26 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460248