Tribunal held that depositing Employees’ State Insurance payment for earlier year and for relevant assessment Year, allowable in year in which actually paid . ( AY.2014-15)
Arvind Metals and Minerals P. Ltd. v ACIT (2020) 81 ITR 648 (Kol) (Trib)
S.43B: Deductions on actual payment – Prior period expenses — Depositing Employees’ State Insurance payment for earlier year and for relevant assessment Year —Allowable in year in which actually paid [ S.37(1) ]