https://www.taxtmi.com/caselaws?id=413701 The Tribunal allowed the appeals of the assessee, directing the AO to delete the additions made on account of delayed payment of employees' contribution towards PF & ESI. The Tribunal held that the Finance Act, 2021 amendment was prospective and could not unsettle the settled legal position upheld by the jurisdictional High Court for the relevant assessment years of 2019-20 and 2017-18. The decision was based on previous Tribunal rulings and in line with the judgment of the Hon'ble Calcutta High Court. en-us Thu, 09 Sep 2021 00:00:00 +0530 Tue, 19 Oct 2021 08:21:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413701 The Tribunal allowed the appeals of the assessee, directing the AO to delete the additions made on account of delayed payment of employees' contribution towards PF & ESI. The Tribunal held that the Finance Act, 2021 amendment was prospective and could not unsettle the settled legal position upheld by the jurisdictional High Court for the relevant assessment years of 2019-20 and 2017-18. The decision was based on previous Tribunal rulings and in line with the judgment of the Hon'ble Calcutta High Court. Case-Laws Income Tax Thu, 09 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413701