Madras H.C : The Tribunal has rightly held that the amounts paid towards provident fund and ESI dues were amounts which were required to be deducted while computing the taxable income of the assessee

High Court Of Madras

CIT vs. Salem Co-Operative Spinning Mills Ltd.

Sections 37(1)

R. Jayasimha Babu & A.K. Rajan, JJ.

TC No. 499 of 1999 (Appeal No. 34 of 1999)

3rd December, 2001

Counsel Appeared : Chitra Venkataraman, for the Revenue

JUDGMENT

R. Jayasimha Babu J.

The judgment of the Court was delivered by There is no merit in this appeal. The Tribunal has rightly held that the amounts paid towards provident fund and ESI 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.

[Citation : 258 ITR 360]