https://www.taxtmi.com/caselaws?id=55926 Employees' contributions to provident fund and ESI deducted from salary were not covered by section 43B in the relevant year, because that provision then applied only to the employer's statutory liabilities. The Finance Act, 1987 provisions treating employees' contributions as income and allowing deduction only on timely deposit, namely section 2(24)(x) and section 36(1)(v), operated only from assessment year 1988-89 and did not apply to assessment year 1986-87. Accordingly, for years before that insertion, such employee deductions were neither disallowable under section 43B nor treated as income under the Act, and the disallowance was deleted. en-us Thu, 05 Mar 1992 00:00:00 +0530 Tue, 30 Nov 2010 16:52:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55926 Employees' contributions to provident fund and ESI deducted from salary were not covered by section 43B in the relevant year, because that provision then applied only to the employer's statutory liabilities. The Finance Act, 1987 provisions treating employees' contributions as income and allowing deduction only on timely deposit, namely section 2(24)(x) and section 36(1)(v), operated only from assessment year 1988-89 and did not apply to assessment year 1986-87. Accordingly, for years before that insertion, such employee deductions were neither disallowable under section 43B nor treated as income under the Act, and the disallowance was deleted. Case-Laws Income Tax Thu, 05 Mar 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55926