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2019 (7) TMI 1635 - AT - Income TaxDisallowance u/s.36(1) (va) r.w.s. 2(24)(x) - contribution by the employees, towards welfare funds, remitted after due date prescribed in the respective enactments - HELD THAT:- In the present case, admittedly the contribution received from employees’’ for PF and ESI are not credited by the respondent to the employee’s account within due date stipulated under the relevant statute, but before the due date of filing of return. We find that the decision of the Hon’ble Madras High Court in the case of Unific Management Services (India) Ltd. Vs. DCIT [2018 (10) TMI 1386 - MADRAS HIGH COURT] is by a single judge, however a contrary view was taken by the Division Bench of Hon’ble Jurisdictional High Court in the case of Industrial Security & Intelligence India Pvt Ltd. [2015 (7) TMI 1063 - MADRAS HIGH COURT]wherein held assessee had remitted the employees contribution beyond the due date for payment, but within the due date for filing the return of income - Decided against revenue.
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