https://www.taxtmi.com/caselaws?id=416485 The ITAT allowed the appeal, deleting the disallowance of the deduction claimed for delayed payment of employees' contribution to Provident Fund (PF) and Employees State Insurance (ESI). It held that the contributions were paid before the due date of the income tax return, making them eligible for deduction under section 43B r.w.s 36(1)(va) of the Act. The ITAT rejected the retrospective application of the amendments and upheld the claim based on established legal principles and precedents, emphasizing the legislative intent to allow deductions for timely payments. en-us Thu, 23 Dec 2021 00:00:00 +0530 Thu, 30 Dec 2021 08:32:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416485 The ITAT allowed the appeal, deleting the disallowance of the deduction claimed for delayed payment of employees' contribution to Provident Fund (PF) and Employees State Insurance (ESI). It held that the contributions were paid before the due date of the income tax return, making them eligible for deduction under section 43B r.w.s 36(1)(va) of the Act. The ITAT rejected the retrospective application of the amendments and upheld the claim based on established legal principles and precedents, emphasizing the legislative intent to allow deductions for timely payments. Case-Laws Income Tax Thu, 23 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416485