https://www.taxtmi.com/caselaws?id=416264 The Tribunal held that the amendment under the Finance Act, 2021, clarifying that Section 43B does not apply to Section 36(1)(va), is prospective. Relying on binding High Court decisions allowing deductions for timely payments, the Tribunal allowed the appeals, deleting disallowances of delayed PF and ESI contributions. The orders of the Assessing Officer and Commissioner of Income Tax (Appeals) were set aside, directing deductions for contributions made before the return filing due date under Section 139(1) for the relevant assessment years. en-us Fri, 10 Dec 2021 00:00:00 +0530 Fri, 24 Dec 2021 08:47:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416264 The Tribunal held that the amendment under the Finance Act, 2021, clarifying that Section 43B does not apply to Section 36(1)(va), is prospective. Relying on binding High Court decisions allowing deductions for timely payments, the Tribunal allowed the appeals, deleting disallowances of delayed PF and ESI contributions. The orders of the Assessing Officer and Commissioner of Income Tax (Appeals) were set aside, directing deductions for contributions made before the return filing due date under Section 139(1) for the relevant assessment years. Case-Laws Income Tax Fri, 10 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416264