https://www.taxtmi.com/caselaws?id=415832 The Tribunal ruled in favor of the assessee, setting aside the disallowance of Employees' contribution of PF & ESI under sec. 36(1)(va) for late remittance. The decision was based on the prospective application of the Finance Act, 2021 amendments and consistent with previous judgments and the view of the Hon'ble Karnataka High Court. The Tribunal directed the AO to delete the impugned additions, ultimately allowing the appeals of the assessee. en-us Mon, 13 Dec 2021 00:00:00 +0530 Wed, 15 Dec 2021 09:27:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415832 The Tribunal ruled in favor of the assessee, setting aside the disallowance of Employees' contribution of PF & ESI under sec. 36(1)(va) for late remittance. The decision was based on the prospective application of the Finance Act, 2021 amendments and consistent with previous judgments and the view of the Hon'ble Karnataka High Court. The Tribunal directed the AO to delete the impugned additions, ultimately allowing the appeals of the assessee. Case-Laws Income Tax Mon, 13 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415832