2017 (12) TMI 1685

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....DR ORDER PER D. MANMOHAN, Vice President: This appeal by the assessee is directed against the order passed u/s 263 of the Income Tax Act, 1961 (hereinafter called as 'the Act'), wherein the Ld. Commissioner was of the opinion that the employees contribution towards EPF has to be made before the due date or within the grace period prescribed in the respective Act and any payment made the....

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.... is made on or before the due date of furnishing the return of income u/s 139(1) of the Act, no disallowance can be made towards employees contribution to PF. It was also stated therein that though the revisional authority, in the afore cited case, relied upon certain judicial precedents in favour of the revenue, since there are two views possible, he ought to have followed the view which is in fa....