Contribution to National Pension System before filing of return allowable: ITAT Ahmedabad

Adani Petronet (Dahej) Port Pvt Ltd Vs AO Circle-1(1)(1) (ITAT Ahmedabad)

ITAT Ahmedabad held that contribution under National Pension System (NPS) belatedly, however, before filing of return is allowable as deduction u/s. 43B(b) of the Income Tax Act as there is no due date prescribed for payment under NPS.

Facts- The assessee is a Company engaged in Port activities. The return of the assessee was taken for prima facie adjustment and a communication was sent to the assessee as to why not disallow Rs.8,19,544/- being belated payment of Employees contribution

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