2007 (5) TMI 670

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..... that liability relating to the employeer's contribution to Provident Fund, Family Pension, State Insurance and Deposit Linked Insurance is not disallowable under Section 43B of the I.T. Act, 1961? 2. The issue precisely is whether the contribution payable, but not actually paid, is entitled to be claimed as deduction by the employer/assessee. 3. The words of Section 43B in the title to .....

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..... foresaid sums are paid, as a matter of fect, the employer/assessee is not entitled to claim deductions. 7. We approve the decision of the Karnataka High Court in respect of the contribution contemplated under Section 43B of the Income Tax Act. 8. Thus our answer to the referred question is that the Appellate Tribunal was not right in saying that the employer's contribution to Provident F .....

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