https://www.taxtmi.com/caselaws?id=413686 The Tribunal ruled in favor of the assessee, directing the deletion of the disallowance under Section 36(1)(va) for delayed payment of employees' PF and ESI contributions. It emphasized the importance of timely deposits before the due date of filing the return of income, citing precedents and specific legal provisions. The Tribunal held that the contributions were deposited before the due date, making the disallowance unwarranted. The dispute over the applicability of recent amendments introduced by the Finance Act, 2021 was resolved in favor of the assessee, as the amendments did not apply to the assessment year in question. en-us Tue, 12 Oct 2021 00:00:00 +0530 Mon, 18 Oct 2021 09:29:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413686 The Tribunal ruled in favor of the assessee, directing the deletion of the disallowance under Section 36(1)(va) for delayed payment of employees' PF and ESI contributions. It emphasized the importance of timely deposits before the due date of filing the return of income, citing precedents and specific legal provisions. The Tribunal held that the contributions were deposited before the due date, making the disallowance unwarranted. The dispute over the applicability of recent amendments introduced by the Finance Act, 2021 was resolved in favor of the assessee, as the amendments did not apply to the assessment year in question. Case-Laws Income Tax Tue, 12 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413686