Section 43b (it act) allowablity on prior period expenses

Sagar (ca final) (36 Points)

31 July 2016  

Hello,

Demand has been raised in FY 2015-16 for provident fund(Employers contribution) relating to FY1993-2003 by the concern PF department after finalization of proceedings.The said provision created in the books of account during the year 2015-16.Payment for the same is made in the month of june 2016 i.e. before the date of filing of IT return.Whether the same is to be allow as expenditure u/s 43b being paid before due date of IT return or whether same is to be disallow being on account payment made in the next financial year of expenditure not related to FY 2015-16.

Please giveme the suggetion on above issue and also mention the case law if any decided on the above issue