2001 (12) TMI 11 - HC - Income Tax

There is no merit in this appeal. The Tribunal has rightly held that the amounts paid towards provident fund and E.S.I. dues were amounts which were required to be deducted while computing the taxable income of the assessee. The amounts had been paid within the grace period provided under the relevant statutes. The appeal is dismissed.

Summary

The High Court of Madras dismissed the appeal, confirming that provident fund and E.S.I. dues should be deducted from taxable income, as paid within the grace period. (Case citation: 2001 (12) TMI 11 - MADRAS High Court)