https://www.taxtmi.com/caselaws?id=410100 The ITAT Kolkata allowed the assessee's appeal, rejecting the disallowance of employees' contribution to PF and ESI under Section 36(1)(va) of the Income Tax Act. The ITAT emphasized the non-retrospective nature of Explanation-5 and referred to the decision in CIT vs. Vijayshree Ltd. The Tribunal held that the deletion of the addition was justified, following the Supreme Court's decision in CIT vs. Alom Extrusion Ltd. The appeal was dismissed, stating that no substantial question of law was involved, and the delayed deposit did not warrant disallowance. en-us Fri, 16 Jul 2021 00:00:00 +0530 Sat, 24 Jul 2021 09:13:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410100 The ITAT Kolkata allowed the assessee's appeal, rejecting the disallowance of employees' contribution to PF and ESI under Section 36(1)(va) of the Income Tax Act. The ITAT emphasized the non-retrospective nature of Explanation-5 and referred to the decision in CIT vs. Vijayshree Ltd. The Tribunal held that the deletion of the addition was justified, following the Supreme Court's decision in CIT vs. Alom Extrusion Ltd. The appeal was dismissed, stating that no substantial question of law was involved, and the delayed deposit did not warrant disallowance. Case-Laws Income Tax Fri, 16 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410100