Held that provident fund Employee’s contribution which was deposited before due date of filing of return, no disallowance can be made. Adjustment proposed by centralized processing centre was not sustainable. (AY. 2017-18)
Maksat Technologies (P.) Ltd. v. DCIT (2021) 191 ITD 175 (Delhi) (Trib.)
S. 36(1)(va) : Any sum received from employees-Provident fund Employee’s contribution-Deposited before due date of filing of return-No disallowance can be made-Adjustment proposed by centralized processing centre was not sustainable. [S. 139(1), 143(1)]