https://www.taxtmi.com/caselaws?id=330716 The High Court ruled in favor of the assessee regarding the disallowance of employer's and employee's contributions of PF and ESI under the Income Tax Act. The Court held that if contributions were made within the grace period, they should be considered as deposited within due dates, overturning the Tribunal's order and remitting the matter for reconsideration. Additionally, the Court found in favor of the assessee on the retrospective effect of the omission of the second proviso to Section 43B, leading to the deletion of disallowances related to unpaid PF/ESI amounts. The appeals were disposed of with no order as to costs. en-us Fri, 15 Jul 2016 00:00:00 +0530 Wed, 03 Aug 2016 11:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330716 The High Court ruled in favor of the assessee regarding the disallowance of employer's and employee's contributions of PF and ESI under the Income Tax Act. The Court held that if contributions were made within the grace period, they should be considered as deposited within due dates, overturning the Tribunal's order and remitting the matter for reconsideration. Additionally, the Court found in favor of the assessee on the retrospective effect of the omission of the second proviso to Section 43B, leading to the deletion of disallowances related to unpaid PF/ESI amounts. The appeals were disposed of with no order as to costs. Case-Laws Income Tax Fri, 15 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330716