https://www.taxtmi.com/caselaws?id=414980 The ITAT allowed the appeal, setting aside the order upholding the disallowance of the adjustment made to the return of income for failure to deposit employees' contribution to PF/ESI on time. The ITAT held that the amendment to the relevant sections applied prospectively from the assessment year 2021-22 onwards. Therefore, the claim of employees' contribution could not be denied for the year 2019-20 based on the 2021 amendment. The Assessing Officer was directed to allow the claim of the assessee, and the appeal was pronounced in favor of the assessee on 27th August 2021. en-us Fri, 27 Aug 2021 00:00:00 +0530 Tue, 23 Nov 2021 06:12:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414980 The ITAT allowed the appeal, setting aside the order upholding the disallowance of the adjustment made to the return of income for failure to deposit employees' contribution to PF/ESI on time. The ITAT held that the amendment to the relevant sections applied prospectively from the assessment year 2021-22 onwards. Therefore, the claim of employees' contribution could not be denied for the year 2019-20 based on the 2021 amendment. The Assessing Officer was directed to allow the claim of the assessee, and the appeal was pronounced in favor of the assessee on 27th August 2021. Case-Laws Income Tax Fri, 27 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414980