https://www.taxtmi.com/caselaws?id=414589 The Tribunal allowed the appeals, deleting disallowances for delayed deposits of Provident Fund and Employees' State Insurance contributions. It held that contributions made before the return filing date are allowable. The retrospective application of Explanation 2 to Section 36(1)(va) was deemed incorrect, following precedents. The Tribunal emphasized proper examination of facts and legal principles, granting consequential relief and legal claims. Disallowances were unjustified as deposits were timely. The judgment underscored adherence to precedents and prospective application of legal provisions. en-us Wed, 20 Oct 2021 00:00:00 +0530 Thu, 11 Nov 2021 19:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414589 The Tribunal allowed the appeals, deleting disallowances for delayed deposits of Provident Fund and Employees' State Insurance contributions. It held that contributions made before the return filing date are allowable. The retrospective application of Explanation 2 to Section 36(1)(va) was deemed incorrect, following precedents. The Tribunal emphasized proper examination of facts and legal principles, granting consequential relief and legal claims. Disallowances were unjustified as deposits were timely. The judgment underscored adherence to precedents and prospective application of legal provisions. Case-Laws Income Tax Wed, 20 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414589