PF Payment on Next Working Day if Last Date Falls on a Holiday is allowable: ITAT

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...