Tribunal held that payment of Employees’ contributions to provident fund beyond period stipulated is allowable as deduction. Followed CIT v. Sabari Enterprises (2008) 298 ITR 141 (Karn.)(HC). (AY. 2011-12, 2012-13)
Dy. CIT v. Coffee Day Global Ltd. (2020) 83 ITR 41 (SN) (Bang.)(Trib.)
S. 43B : Deductions on actual payment-Payment of Employees’ contributions to provident fund beyond period stipulated-Allowable as deduction.