2007 (11) TMI 39

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.... New Delhi ("the Tribunal") in ITA No. 2413/Del/2004 relevant for the Assessment Year 2001-2002. 2. The case relates to the addition of an amount of Rs.10,37,737/- and Rs.1,88,172/- made by the Assessing Officer on account of delayed payment of Provident Fund and Employees State Insurance respectively. According to the Assessee, the amount was paid within 2 to 4 days after the grace period prov....

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....f Section 43-B of the Act. The Assessee was entitled to claim the benefit provided under Section 43-B of the Act for that period particularly in view of the fact that he had contributed to provident fund before filing the return. Accordingly, the SLP filed by the Revenue against the decision of Gauhati High Court was dismissed. 5. The decision of the Supreme Court is fully applicable to the fac....