Case Law Details
PCIT Vs Pepsico India Holding Pvt. Ltd. (Delhi High Court)
Introduction: In a recent judgment by the Delhi High Court, a crucial matter concerning PepsiCo India Holding Pvt. Ltd. (hereinafter referred to as “PepsiCo India”) was addressed. The case revolved around the late deposit of employees’ provident fund (PF) contribution due to a national holiday. The court’s decision has significant implications for employers and the treatment of such late deposits.
Detailed Analysis:
Background: PepsiCo India found itself embroiled in a legal dispute concerning the timing of its deposit of employees’ contributions to the provident fund. The dispute emerged from a scenario where the due date for this deposit coincided with a national holiday.
Questions of Law: The Delhi High Court initially formulated two questions of law for consideration:
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