Tribunal held that the delayed payment In Provident Fund Account after the expiry of due date provided under t he Employees’ Provident Funds And Miscellaneous Provisions Act, 1952 was held to be not allowable.( AY.2013-14, 2014-15)
Balji Electrical Insulators P. Ltd. v Dy. CIT (2020)82 ITR 39 (SN) (Ahd) (Trib)
S. 37(i) : Business expenditure —Provident fund- Contribution made after expiry of due date provided under Employees’ Provident Funds and Miscellaneous Provisions Act 1952 — Not allowable as deduction