https://www.taxtmi.com/caselaws?id=57496 Employer provident fund contributions remitted before the end of the accounting year were treated as not disallowable under section 43B because no liability remained outstanding at year-end. Employees' provident fund contributions deducted from salaries remained deductible under section 36(1)(va) where credited within the recognised five-day grace period allowed under the applicable provident fund scheme and circulars. Payment within that period was regarded as substantive compliance with the due-date requirement, despite remittance after the exact monthly due date. Both additions were therefore deleted, applying a practical and purposive approach to provident fund remittance deadlines. en-us Tue, 21 Mar 1995 00:00:00 +0530 Sun, 06 Feb 2011 03:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57496 Employer provident fund contributions remitted before the end of the accounting year were treated as not disallowable under section 43B because no liability remained outstanding at year-end. Employees' provident fund contributions deducted from salaries remained deductible under section 36(1)(va) where credited within the recognised five-day grace period allowed under the applicable provident fund scheme and circulars. Payment within that period was regarded as substantive compliance with the due-date requirement, despite remittance after the exact monthly due date. Both additions were therefore deleted, applying a practical and purposive approach to provident fund remittance deadlines. Case-Laws Income Tax Tue, 21 Mar 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57496