1978 (11) TMI 23 - HC - Income Tax

Summary

The High Court of Allahabad held that the assessee's claim for deduction of Rs. 16,486 as employees' contribution under the Employees' Provident Funds Act for the period 1962 to December 1970 was not allowable in the assessment year 1972-73. The liability accrued over the years and the final adjudication took place outside the relevant accounting period. The Tribunal was justified in rejecting the claim. The question referred by the Tribunal was answered in favor of the department and costs of Rs. 200 were awarded.