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 em

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