Deduction u/s 36(1) (va) Allowable Only if Employees’ Share in Relevant Funds Are Deposited before due Date Stipulated in Respective Acts: ITAT [Read Order]

Deduction - Employees’ Share in Relevant Funds - ITAT - Employees’ Share - Relevant Funds - taxscan

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, held that deduction under Section 36(1) (va) is allowable only if employees’ share in relevant funds are deposited before due date stipulated in the respective Acts. The aforesaid observation was made by the Delhi ITAT, when an appeal was…

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