Tribunal held that any sum received from employees, employees’ contribution to provident fund and employees’ state insurance corporation though delay in depositing is said amount is allowable as deduction. (AY. 2011-12, 2015-16, 2016-17)
ACIT v. Ariba Foods Pvt. Ltd. (2021) 86 ITR 174 (Indore)(Trib.) ACIT v. Vyanktesh Plastics and Packaging Pvt. Ltd. (2021) 86 ITR 174 (Indore)(Trib.) ACIT v. Famous Vanijya Pvt. Ltd. (2021) 86 ITR 174 (Indore)(Trib.)
S. 36(1)(va) : Any sum received from employees-Employees’ contribution to provident fund and employees’ state insurance corporation-Delay in depositing-Deduction allowable. [S. 37(1)]