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2010 (5) TMI 702 - AT - Income TaxEmployees' contribution to provident fund - allowable as deduction - HELD THAT:- the issue is covered in favour of the assessee by the decision of the hon'ble apex court in the case of CIT v. Alom Extrusions Ltd. [2009 (11) TMI 27 - SUPREME COURT] according to which contribution to employees' State insurance is allowable as deduction if the same is paid before the due date of filing the return. The hon'ble Delhi High Court in the case of CIT v. AIMIL Ltd. [2009 (12) TMI 38 - DELHI HIGH COURT] following the aforesaid issue the hon'ble apex court has held that the employees' contribution to provident fund would be allowed if the same is paid before the due date of filing return. Respectfully following the precedent, we set aside the order of the authorities below and decide the issue in favour of the assessee.
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