https://www.taxtmi.com/caselaws?id=60781 Disallowance under s. 36(1)(va) read with s. 43B for alleged belated deposit of employees' PF contribution turned on whether the 15-day limit in Clause 38 of the EPF Scheme runs from the wage month or the month of actual salary disbursement. The Tribunal held that "month" refers to the month in which wages/salary are actually disbursed, since the contribution liability crystallizes only upon deduction at disbursement; given the artificial nature of disallowance provisions, a liberal construction was warranted. The impugned additions were set aside and the AO was directed to verify whether deposits were made within 15 days (plus 5 days' grace) from the close of the salary-disbursement month and recompute any disallowance accordingly; the appeal was partly allowed. en-us Mon, 28 May 2001 00:00:00 +0530 Mon, 22 Dec 2025 13:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60781 Disallowance under s. 36(1)(va) read with s. 43B for alleged belated deposit of employees' PF contribution turned on whether the 15-day limit in Clause 38 of the EPF Scheme runs from the wage month or the month of actual salary disbursement. The Tribunal held that "month" refers to the month in which wages/salary are actually disbursed, since the contribution liability crystallizes only upon deduction at disbursement; given the artificial nature of disallowance provisions, a liberal construction was warranted. The impugned additions were set aside and the AO was directed to verify whether deposits were made within 15 days (plus 5 days' grace) from the close of the salary-disbursement month and recompute any disallowance accordingly; the appeal was partly allowed. Case-Laws Income Tax Mon, 28 May 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60781