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2002 (9) TMI 10 - HC - Income TaxProvident fund contributions - "1. Whether, Tribunal was right in law in directing to allow deduction in respect of delayed payment of provident fund dues even accepting that the amounts could be disallowed on strict interpretation of section 43B? 2. Whether, Tribunal was right in law in allowing relief of Rs. 64,267 being delayed payment of provident fund dues, accepting an interpretation of the provision of section 43B, other than the strict interpretation, for the sake of equity though it is a settled principle that equity has no place in interpretation of taxing statute?" – Held that Provident fund contributions must be made within the due date for those to qualify for deductions under the Income-tax Act. - Both the questions are answered in the negative and in favour of the Department
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