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2011 (9) TMI 563 - HC - Income TaxDeduction of Employees & Employer Contribution to Provident fund - Payment made after due date prescribed under the "Provident fund" Act - AO allowed Employers contribution subject to 43B but treated employees contribution as "other Income" of assessee - Held That:- In view of CIT Vs. P.M. Electronics Ltd. (2008 -TMI - 31356 - DELHI HIGH COURT) and Supreme Court in Vinay Cement amount (2007 -TMI - 102762 - Supreme Court of India) did not remain in the hands of the assessee during the relevant assessment year, for the same had been, in fact, deposited with the authority managing the funds. There was, therefore, no other income in the hands of the assessee.
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