https://www.taxtmi.com/caselaws?id=415834 The ITAT allowed the appeals in favor of the assessee, emphasizing that no disallowance could be made for employees' PF and ESI contributions made within the due date of filing the return, despite being beyond the specified date under the relevant provisions of the Act. The ITAT relied on precedents and highlighted the prospective nature of the Finance Act 2021 amendment, clarifying that disallowance cannot apply retrospectively to timely payments. The decision underscores the significance of timely payment within the return filing due date for deductions related to PF and ESI contributions. en-us Mon, 13 Dec 2021 00:00:00 +0530 Wed, 15 Dec 2021 09:27:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415834 The ITAT allowed the appeals in favor of the assessee, emphasizing that no disallowance could be made for employees' PF and ESI contributions made within the due date of filing the return, despite being beyond the specified date under the relevant provisions of the Act. The ITAT relied on precedents and highlighted the prospective nature of the Finance Act 2021 amendment, clarifying that disallowance cannot apply retrospectively to timely payments. The decision underscores the significance of timely payment within the return filing due date for deductions related to PF and ESI contributions. Case-Laws Income Tax Mon, 13 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415834