2021 (11) TMI 1068

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... PER PRADIP KUMAR KEDIA - AM: The captioned appeal has been filed at the instance of the assessee against the order of the Commissioner of Income Tax (Appeals)-7, Ahmedabad (CIT(A)' in short), dated 06.11.2017 arising in the assessment order dated 07.12.2016 passed by the Assessing Officer (AO) under s. 143(3) of the Income Tax Act, 1961 (the Act) concerning AY 2014-15. 2. The solitary issue in....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....he Act. Section 36(1)(va) provides for deduction where any sum received by the assessee from its employees as contribution to any provident fund or superannuation fund or any other welfare funds found set up is deposited by the assessee in the relevant fund on or before due date. 6.1 It is noticed that there is small delay in depositing the employees' contribution to Provident Fund by the employe....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....fore the due date. The deduction under s.36(1)(va) in such case is available without any fetters. 6.2 At this juncture, it may be pertinent to observe that disallowance under s.43B r.w.s. 36(1)(va) of the Act in respect of non-payment of provident fund etc. within the due date is not intended to cover genuine and routine cases on late payment but only those where the employer has mis-utilized the....