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2013 (11) TMI 279 - AT - Income TaxAddition u/s 43B of the Income Tax Act - Disallowance of employees contribution to P.F u/s 43B - AO disallowed both the payments being employees as well as employers contribution by invoking the provisions u/s 43B of the Income Tax Act – Held that:- Reliance has been placed upon the judgment in the case of Pranavaditya Spinning Mills v. ACIT [2010 (3) TMI 993 - ITAT MUMBAI] - As long as even employees’ contribution to PF and ESIC are paid by the assessee before the due date of filing the income tax return, the same are to be allowed as deduction in computation of income of the assessee. It is an undisputed position that the assessee has paid the employees’ contribution to PF and ESIC well before the due date of filing of income tax return – Addition u/s 43B need to be deleted – Decided in favor of Assessee.
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