2007 (5) TMI 670

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....cts and in the circumstances of the case, the Appellate Tribunal is legally correct in holding that liability relating to the employeer's contribution to Provident Fund, Family Pension, State Insurance and Deposit Linked Insurance is not disallowable under Section 43B of the I.T. Act, 1961? 2. The issue precisely is whether the contribution "payable, but not actually paid, is entitled to be....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....of that law report lays down the correct law in the following words: Therefore, unless the aforesaid sums are paid, as a matter of fect, the employer/assessee is not entitled to claim deductions. 7. We approve the decision of the Karnataka High Court in respect of the contribution contemplated under Section 43B of the Income Tax Act. 8. Thus our answer to the referred question is that the....