https://www.taxtmi.com/caselaws?id=411873 The Tribunal allowed the appeal, overturning the disallowance of Employees' Contribution to ESI and EPF. It held that the appellant's timely deposit before filing the return entitled them to deduction under Section 43B, aligning with previous case law. The addition under Section 36(1)(va) was deemed unjustified, emphasizing the legislative intent and importance of adherence to statutory timelines. The decision highlighted the retrospective application of the law and the significance of timely contributions to provident funds and ESI schemes, ultimately ruling in favor of the appellant and deleting the impugned addition. en-us Mon, 23 Aug 2021 00:00:00 +0530 Sun, 05 Sep 2021 22:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411873 The Tribunal allowed the appeal, overturning the disallowance of Employees' Contribution to ESI and EPF. It held that the appellant's timely deposit before filing the return entitled them to deduction under Section 43B, aligning with previous case law. The addition under Section 36(1)(va) was deemed unjustified, emphasizing the legislative intent and importance of adherence to statutory timelines. The decision highlighted the retrospective application of the law and the significance of timely contributions to provident funds and ESI schemes, ultimately ruling in favor of the appellant and deleting the impugned addition. Case-Laws Income Tax Mon, 23 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411873