https://www.taxtmi.com/caselaws?id=413991 The Tribunal held that the belated payment of employees' contribution towards ESI and PF, if made before the due date of filing the return under Section 139(1) of the Income Tax Act, 1961, is allowable as a deduction under Section 43B. Relying on the principle favoring the Assessee, the Tribunal overturned the Commissioner's decision and deleted the disallowance of Rs. 1,19,93,542/-, concluding that the contributions were deposited on time. Both appeals were allowed, and the order was pronounced on 23rd September 2021. en-us Thu, 23 Sep 2021 00:00:00 +0530 Tue, 26 Oct 2021 09:00:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413991 The Tribunal held that the belated payment of employees' contribution towards ESI and PF, if made before the due date of filing the return under Section 139(1) of the Income Tax Act, 1961, is allowable as a deduction under Section 43B. Relying on the principle favoring the Assessee, the Tribunal overturned the Commissioner's decision and deleted the disallowance of Rs. 1,19,93,542/-, concluding that the contributions were deposited on time. Both appeals were allowed, and the order was pronounced on 23rd September 2021. Case-Laws Income Tax Thu, 23 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413991