Delayed Payment of Employees’ Contribution to PF not allowable U/s 43B

Shivali Bardoliya Brief of the Case: It was held in the case of CIT v/s South India Corporation Ltd. by Kerla High Court That the assessee is not entitled to claim deduction of the belated payments to the Provident Fund in view of the section 36(1)(va) and 43B of the Income tax Act. Brief facts of the case: The assessee has paid Provident fund amount of Rs. 7,69,232/- after the prescribed due date. The department took the stand that the assessee is not entitled to deduction on the ground that the payment has not been made on the due date as defined in the Section 36(1)(va) of the Act. Questio...