https://www.taxtmi.com/caselaws?id=401145 The Tribunal allowed the appeal of the assessee, deleting the disallowance of Rs. 14,50,188/- related to employees' contributions to ESI and PF deposited beyond the statutory due date but before the return filing deadline. The Tribunal relied on the Supreme Court's decision in Alom Extrusions Limited and other High Court rulings, affirming that such contributions are deductible if paid before the return filing date. The decision, announced on 30th September 2020, aligns with judicial precedents emphasizing legislative intent and preventing absurd outcomes. Consequently, the assessee's appeal was upheld, and the disallowance was reversed. en-us Wed, 30 Sep 2020 00:00:00 +0530 Mon, 04 Nov 2024 14:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401145 The Tribunal allowed the appeal of the assessee, deleting the disallowance of Rs. 14,50,188/- related to employees' contributions to ESI and PF deposited beyond the statutory due date but before the return filing deadline. The Tribunal relied on the Supreme Court's decision in Alom Extrusions Limited and other High Court rulings, affirming that such contributions are deductible if paid before the return filing date. The decision, announced on 30th September 2020, aligns with judicial precedents emphasizing legislative intent and preventing absurd outcomes. Consequently, the assessee's appeal was upheld, and the disallowance was reversed. Case-Laws Income Tax Wed, 30 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401145