https://www.taxtmi.com/caselaws?id=416365 The ITAT Bench allowed the appeal, overturning the disallowance of Rs. 9,36,495/- under Section 36(1)(va) for late EPF/ESIC payments. It held that contributions made before filing the return should not be disallowed and that amendments by the Finance Act, 2021, were prospective. The Tribunal emphasized the significance of following binding precedents and set aside the order passed by Ld. CIT(A)/NFAC, deeming it unsustainable. en-us Thu, 16 Dec 2021 00:00:00 +0530 Mon, 27 Dec 2021 06:37:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416365 The ITAT Bench allowed the appeal, overturning the disallowance of Rs. 9,36,495/- under Section 36(1)(va) for late EPF/ESIC payments. It held that contributions made before filing the return should not be disallowed and that amendments by the Finance Act, 2021, were prospective. The Tribunal emphasized the significance of following binding precedents and set aside the order passed by Ld. CIT(A)/NFAC, deeming it unsustainable. Case-Laws Income Tax Thu, 16 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416365