High Court Clarifies Timely Payment Obligations for Employee Contributions Under Income Tax Act Sections 36(1)(va) and 2(24)(x.

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....Late payment of employee's contribution towards PF, ESIC - additions by invoking provisions of Section 36(1)(va) read with Section 2(24)(x) - Finding recorded by the Tribunal that if such wages are paid for the following month, the liability to deposit the employee's contribution to the fund gets deferred by another month is not the correct statement of law. - HC....