https://www.taxtmi.com/caselaws?id=413052 The Tribunal allowed all the appeals of the assessees, holding that late deposits of employees' share of PF & ESI, made before the due date of filing the return of income, cannot be disallowed under Section 43B read with Section 36(1)(va) of the Act. The Tribunal emphasized that the amendments made by the Finance Act, 2021, apply prospectively and do not impact the assessment years in question. The impugned additions by the Assessing Officer, upheld by the CIT(A), were therefore deleted. en-us Wed, 29 Sep 2021 00:00:00 +0530 Mon, 04 Oct 2021 08:58:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413052 The Tribunal allowed all the appeals of the assessees, holding that late deposits of employees' share of PF & ESI, made before the due date of filing the return of income, cannot be disallowed under Section 43B read with Section 36(1)(va) of the Act. The Tribunal emphasized that the amendments made by the Finance Act, 2021, apply prospectively and do not impact the assessment years in question. The impugned additions by the Assessing Officer, upheld by the CIT(A), were therefore deleted. Case-Laws Income Tax Wed, 29 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413052