Tribunal held that ; the amounts not deposited in relevant fund before due date as prescribed in Explanation to section 36(1)(va) of the Act. Accordingly no deduction is allowable even though same was deposited before due date as stipulated under section 43B of the Act. ( AY.2013-14)
Ocean Agro (India) Ltd. v. DCIT (2018) 172 ITD 157 (Ahd) (Trib.)
S. 36(1)(va): Any sum received from employees – Employees’ contribution to PF and ESIC – Amounts not deposited in relevant fund before due date as prescribed in Explanation to section 36(1)(va)- No deduction is allowable even though same was deposited before due date as stipulated under section 43B of the Act. [ S.43B , 139(1) ]