https://www.taxtmi.com/caselaws?id=299620 The appeals by various assessees were directed against separate orders of the CIT(A), NFAC, Delhi, regarding the addition made by the Assessing Officer for late deposit of employees' share of PF & ESI. The CIT(A) upheld the additions, citing amendments to the Income Tax Act by the Finance Act, 2021. However, referencing decisions by various ITAT benches and High Courts, the Tribunal ruled in favor of the assessees. The Tribunal held that the contributions, though deposited late, before the filing of the income tax return, cannot be disallowed. Consequently, the additions were deleted, and all appeals of the assessees were allowed. en-us Mon, 27 Sep 2021 00:00:00 +0530 Wed, 22 Dec 2021 20:36:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299620 The appeals by various assessees were directed against separate orders of the CIT(A), NFAC, Delhi, regarding the addition made by the Assessing Officer for late deposit of employees' share of PF & ESI. The CIT(A) upheld the additions, citing amendments to the Income Tax Act by the Finance Act, 2021. However, referencing decisions by various ITAT benches and High Courts, the Tribunal ruled in favor of the assessees. The Tribunal held that the contributions, though deposited late, before the filing of the income tax return, cannot be disallowed. Consequently, the additions were deleted, and all appeals of the assessees were allowed. Case-Laws Income Tax Mon, 27 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299620