Delhi HC Allows deduction for Late PF Deposit on National Holiday

PCIT Vs Pepsico India Holding Pvt. Ltd. (Delhi High Court) Introduction: In a recent judgment by the Delhi High Court, a crucial matter concerning PepsiCo India Holding Pvt. Ltd. (hereinafter referred to as “PepsiCo India”) was addressed. The case revolved around the late deposit of employees’ provident fund (PF) contribution due to a national holiday. The court’s decision has significant implications for employers and the treatment of such late deposits. Detailed Analysis: Background: PepsiCo India found itself embroiled in a legal dispute concerning the timing of its ...