Held that contribution to Employees Provident Fund and Employees’ State Insurance Corporation held to be not allowable as deduction as there was delay in depositing. (AY. 2013-14, 2014-15)
ACIT v. PC Jewellers Ltd. (2022) 93 ITR 244 (Delhi)(Trib.)
S. 36(1)(va) : Any sum received from employees-Contribution to Employees Provident Fund and Employees’ State Insurance Corporation-Delay in depositing-Deduction not allowable. [S. 2(24)(x)]