EPF Interest Charges Overturned: What the Delhi High Court Judgment Means for You

My profound thanks to Shri S.K. Gupta, Supreme Court Advocate, Delhi, for sharing this very useful information/judgment copy. The Full Bench Judgment of Delhi High Court dated 12/09/2012 'Quashing Interest charged under Sec.7Q by EPF Authority' is very important and elaborate. Please take the time to read the full judgment.

Regards,
B. Sundararaman Chennai

It's really educational, and thanks very much to the Advocate & subscriber who made their efforts to put this on record for other subscribers to learn from and reference.

In my opinion, no court should allow these types of penal damages by government agencies that exceed banking overdraft rates for the industry. Industries create jobs for the middle class, and they must be granted relief from such bureaucracy. Due to government apathy, there is widespread unemployment, impacting even state governments through reduced revenue. We should learn lessons from countries like China.

Please let me know if you need any further assistance.