No section 43B disallowance for PF deposited within permissible grace period

Zyg Pharma Pvt. Ltd. Vs. DCIT (ITAT Mumbai)

Explore Zyg Pharma vs. DCIT case – Sales tax waiver taxability and provident fund delay. Learn about ITAT Mumbai’s decision on these income tax matters.

While scrutinizing the return of income, the Assessing Officer noticed that the assessee has deposited the employees contribution to provident fund beyond the 15^thday of next month and thereby violated the provisions of section 2(24)(x) r.w.s. 36(1)(va) and added the amount

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