Supreme Court of India · 2022-10-12
CHECKMATE SERVICES P LTD vs COMMISSIONER OF INCOME TAX-I
- Citation / case number
- SC 2015/3538
- Court
- Supreme Court of India
- Petitioner
- CHECKMATE SERVICES P LTD
- Respondent
- COMMISSIONER OF INCOME TAX-I
- Author
- HON'BLE THE CHIEF JUSTICE
- Bench
- HON'BLE THE CHIEF JUSTICE, HON'BLE MR. JUSTICE AJAY RASTOGI, HON'BLE MR. JUSTICE S. RAVINDRA BHAT
Judgment text excerpt
The Supreme Court addressed the interpretation of Section 36(1)(va) and Section 43B of the Income Tax Act, 1961, concerning the deductibility of contributions made towards the Employees' Provident Fund. The court ruled that the amounts deposited must be made within the due date as specified under the EPF Act to qualify for deduction. The judgment clarified the conditions under which such deductions can be claimed, emphasizing compliance with statutory timelines.