https://www.taxtmi.com/caselaws?id=57496 Employer's provident fund contribution paid before the end of the accounting year was treated as an actual discharge of liability, so disallowance under section 43B was not justified and the addition was deleted. Employees' contribution deducted from salary remained deductible under section 36(1)(va) where it was remitted within the statutory grace period recognised by the provident fund scheme and circulars, because that payment satisfied the due-date requirement in substance; the addition was therefore deleted. The note applies a practical and purposive construction of the due-date conditions for provident fund remittances and concludes that contributions paid within the accounting year or within the recognised grace period should not be disallowed merely for missing the exact monthly due date. 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's provident fund contribution paid before the end of the accounting year was treated as an actual discharge of liability, so disallowance under section 43B was not justified and the addition was deleted. Employees' contribution deducted from salary remained deductible under section 36(1)(va) where it was remitted within the statutory grace period recognised by the provident fund scheme and circulars, because that payment satisfied the due-date requirement in substance; the addition was therefore deleted. The note applies a practical and purposive construction of the due-date conditions for provident fund remittances and concludes that contributions paid within the accounting year or within the recognised grace period should not be disallowed merely for missing the exact monthly due date. Case-Laws Income Tax Tue, 21 Mar 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57496