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2015 (8) TMI 1537 - AT - Income TaxRevision u/s 263 by CIT - delayed contribution of employees contribution to P.F. - HELD THAT:- As contributions are not deposited as prescribed under the P.F. Act., but the payments are made before the due date of furnishing the return under section 139(1) as required by law under section 43B. Therefore, we are of the opinion that the case on hand is squarely covered by the decision of Essae Teraoka P. Ltd. [2014 (3) TMI 386 - KARNATAKA HIGH COURT] and also case of Imerys Ceramics (India) P. Ltd [2012 (7) TMI 699 - ITAT, HYDERABAD]Respectfully following the above decisions, we are of the opinion that the assessment order is not erroneous and prejudicial to the interests of the Revenue in so far as allowing of deduction of employees contribution to P.F. is concerned. Accordingly, we set aside the order passed by the Pr. CIT-II under section 263 and restore that of the Assessing Officer. Appeal of the assessee is allowed.
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