Held that contribution of employees to provident fund and employees State Insurance, not allowable as deduction if there is delay in payment. Deductions allowable only if contributions paid within due date prescribed in statutes. (AY.1999-2000)
CIT v. Apollo Tyres Ltd. (No. 1) (2022) 447 ITR 377 (Ker.)(HC) PCIT v. Apollo Tyres Ltd. (No. 1) (2022) 447 ITR 397 (Ker.)(HC)
S. 43B : Deductions on actual payment-Contribution of employees to provident fund and employees State Insurance-Delay in payment-Not allowable as deduction-Deductions allowable only if contributions paid within due date prescribed in statutes. 2(24)(x), 36(1)(va)]