https://www.taxtmi.com/caselaws?id=416173 The appeal by the assessee challenging the disallowance of Rs. 4,71,179/- on account of delayed payment of employees' contribution to Provident Fund (PF) and Employees' State Insurance (ESI) was allowed. The Tribunal held that the payments made before the due date of filing the return under section 139(1) of the Income Tax Act, 1961, were allowable deductions, citing precedents and clarifying that the amendment brought by the Finance Act, 2021, was prospective and did not apply to the assessment year under consideration. The disallowance was deleted, following established legal principles and decisions. en-us Tue, 07 Dec 2021 00:00:00 +0530 Wed, 22 Dec 2021 07:51:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416173 The appeal by the assessee challenging the disallowance of Rs. 4,71,179/- on account of delayed payment of employees' contribution to Provident Fund (PF) and Employees' State Insurance (ESI) was allowed. The Tribunal held that the payments made before the due date of filing the return under section 139(1) of the Income Tax Act, 1961, were allowable deductions, citing precedents and clarifying that the amendment brought by the Finance Act, 2021, was prospective and did not apply to the assessment year under consideration. The disallowance was deleted, following established legal principles and decisions. Case-Laws Income Tax Tue, 07 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416173