Employees’s share in relevant funds should be deposited before due date for claiming deduction u/s 36(1)(va)

ATC Precision Components Pvt Ltd Vs DCIT (ITAT Delhi) ITAT Delhi held that the deduction u/s 36(1)(va) of the Income Tax Act can be allowed only if the employees’ share in the relevant funds is deposited by the employer before the due date stipulated in respective Acts. Facts- The sole grievance of the assessee in the present appeal is with respect to the addition of Rs.1,79,407/-made u/s 36(1)(va) of the Act. It is the contention of the assessee that though there was delay in depositing the employees contribution to PF and ESI before the due date prescribed but however all the dues have bee...