https://www.taxtmi.com/caselaws?id=414992 The Tribunal ruled in favor of the assessee, overturning the CIT(A)'s order disallowing employees' contribution to PF and ESI due to delayed payment. The Tribunal held that no disallowance under section 36(1)(va) could be made if the contributions were deposited before the due date of filing the return, aligning with the legislative intent to allow expenditures only upon actual payment. The decision emphasized the importance of timely deposits and set a precedent for similar cases. en-us Mon, 01 Nov 2021 00:00:00 +0530 Tue, 23 Nov 2021 06:12:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414992 The Tribunal ruled in favor of the assessee, overturning the CIT(A)'s order disallowing employees' contribution to PF and ESI due to delayed payment. The Tribunal held that no disallowance under section 36(1)(va) could be made if the contributions were deposited before the due date of filing the return, aligning with the legislative intent to allow expenditures only upon actual payment. The decision emphasized the importance of timely deposits and set a precedent for similar cases. Case-Laws Income Tax Mon, 01 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414992