https://www.taxtmi.com/caselaws?id=65476 The ITAT Delhi-G ruled in favor of the assessee, allowing the appeal against the disallowance of PF and ESI contributions under the IT Act, 1961 for the assessment year 2001-02. The tribunal reversed the lower authorities' decision, emphasizing that contributions made before the last filing date under Section 139(1) are eligible for deductions. The decision was supported by precedents from the Karnataka and Delhi High Courts, which recognized the deductibility of both employer's and employees' contributions if paid timely, aligning with the statutory provisions and the Finance Act, 2003 amendment. en-us Thu, 27 Mar 2008 00:00:00 +0530 Thu, 21 Dec 2023 17:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65476 The ITAT Delhi-G ruled in favor of the assessee, allowing the appeal against the disallowance of PF and ESI contributions under the IT Act, 1961 for the assessment year 2001-02. The tribunal reversed the lower authorities' decision, emphasizing that contributions made before the last filing date under Section 139(1) are eligible for deductions. The decision was supported by precedents from the Karnataka and Delhi High Courts, which recognized the deductibility of both employer's and employees' contributions if paid timely, aligning with the statutory provisions and the Finance Act, 2003 amendment. Case-Laws Income Tax Thu, 27 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65476