https://www.taxtmi.com/caselaws?id=416278 The Tribunal allowed the appeal filed by the assessee, setting aside the Commissioner of Income Tax (Appeals)'s order confirming the disallowance of employees' contributions to PF and ESI. The Tribunal held that the Finance Act, 2021 amendment was prospective, not retrospective, and allowed the deduction for contributions made before the due date of filing the return under section 139(1) of the Income Tax Act. The Tribunal relied on jurisdictional High Court decisions and the principle of resolving conflicts in favor of the assessee, directing the Assessing Officer to allow the deduction. en-us Tue, 14 Dec 2021 00:00:00 +0530 Fri, 24 Dec 2021 10:35:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416278 The Tribunal allowed the appeal filed by the assessee, setting aside the Commissioner of Income Tax (Appeals)'s order confirming the disallowance of employees' contributions to PF and ESI. The Tribunal held that the Finance Act, 2021 amendment was prospective, not retrospective, and allowed the deduction for contributions made before the due date of filing the return under section 139(1) of the Income Tax Act. The Tribunal relied on jurisdictional High Court decisions and the principle of resolving conflicts in favor of the assessee, directing the Assessing Officer to allow the deduction. Case-Laws Income Tax Tue, 14 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416278