Deduction Allowed for PF & ESI Paid After Due Date due to National Holiday

Aero Club Vs ACIT (Delhi High Court) Introduction: In a recent judgment, the Delhi High Court addressed an essential question concerning the deduction of Provident Fund (PF) and Employee State Insurance (ESI) payments made after the due date due to a national holiday. The case, titled Aero Club vs. ACIT, has implications for businesses and taxpayers dealing with such contributions. This article provides a detailed analysis of the court’s decision and its significance. Detailed Analysis: 1. Background: The case involved a dispute over the deductibility of PF and ESI payments. The appellan...