https://www.taxtmi.com/caselaws?id=416303 The ITAT allowed the appeals of the assessees, concluding that the disallowances made by the A.O. and sustained by the CIT(A) were not justified as the contributions were deposited before the due date of filing the return of income under Section 139(1). The Tribunal held that the amendments introduced by the Finance Act, 2021, were prospective and not applicable to the assessment years in question. Consequently, the disallowances under Section 36(1)(va) for late deposit of ESI and PF were deleted. en-us Mon, 06 Dec 2021 00:00:00 +0530 Sat, 25 Dec 2021 08:43:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416303 The ITAT allowed the appeals of the assessees, concluding that the disallowances made by the A.O. and sustained by the CIT(A) were not justified as the contributions were deposited before the due date of filing the return of income under Section 139(1). The Tribunal held that the amendments introduced by the Finance Act, 2021, were prospective and not applicable to the assessment years in question. Consequently, the disallowances under Section 36(1)(va) for late deposit of ESI and PF were deleted. Case-Laws Income Tax Mon, 06 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416303