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PF Payment on Next Working Day if Last Date Falls on a Holiday is allowable: ITAT
Case Law Details
- Case Name
- Radial International Vs DCIT (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2020-21
- Courts
- All ITAT, ITAT Delhi
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Radial International Vs DCIT (ITAT Delhi)
Introduction: The case of “Radial International vs DCIT” was heard by the ITAT Delhi and revolves around the disallowance of payment of Provident Fund (PF) amounting to Rs.89,644/- deposited after the due date. The central issue is whether the payment made on the next working day, when the due date falls on a national holiday, should be accepted and not subject to disallowance under section 36(1)(va) of the Income-tax Act, 1961.
Analysis: In this case, the assessee appealed against the order of the AO/CPC disallowing the PF payment due to i...
