Deduction u/s 36(1)(va) denied on failure to deposit employee’s contribution before relevant due date

Classic Citi Investments Pvt. Ltd. Vs DCIT (ITAT Pune) ITAT Pune held that the deduction u/s 36(1)(va) in respect of employee’s contribution not entitled on failure to deposit employee’s contribution before due date prescribed under the relevant statutes. Facts- AO disallowed Rs.15,68,926/- u/s 36(1)(va) of the Act. Having aggrieved, the assessee preferred an appeal before the CIT(A). The assessee contended that the assessee is entitled to claim deduction if the employee’s contribution is paid before due dates of filing return of income. Further, assessee has also contested the d...