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2009 (9) TMI 69 - HC - Income TaxBusiness expenditure - Contribution made towards provident fund by the employer belatedly and contribution towards Employees’ State Insurance contribution, i.e., beyond the stipulated period provided under the Provident Fund Act, is an allowable deduction in the view of section 43B - Deposit made by the employer of the employee’s contribution belatedly and contribution towards Employees’ State Insurance contribution, i.e., beyond the stipulated period under the Income-tax Act and under the Provident Fund Act and the Employees’ State Insurance Act cannot be treated as the income of the assessee under section 36(1)(va) read with section 2(24)(x) in view of section 43B
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