https://www.taxtmi.com/caselaws?id=414267 The Tribunal allowed the appeal of the assessee, directing the deletion of the addition of Rs. 6,28,972 made by the CPC under Section 143(1) of the Income Tax Act. The Tribunal held that contributions towards ESI and PF, though deposited late, were made before the due date for filing the return of income, in line with Rajasthan High Court decisions. The Tribunal emphasized that the Finance Act, 2021 amendments to Section 36(1)(va) apply prospectively from April 1, 2021, and not to the assessment year in question (2019-20). en-us Thu, 28 Oct 2021 00:00:00 +0530 Mon, 01 Nov 2021 19:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414267 The Tribunal allowed the appeal of the assessee, directing the deletion of the addition of Rs. 6,28,972 made by the CPC under Section 143(1) of the Income Tax Act. The Tribunal held that contributions towards ESI and PF, though deposited late, were made before the due date for filing the return of income, in line with Rajasthan High Court decisions. The Tribunal emphasized that the Finance Act, 2021 amendments to Section 36(1)(va) apply prospectively from April 1, 2021, and not to the assessment year in question (2019-20). Case-Laws Income Tax Thu, 28 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414267