https://www.taxtmi.com/caselaws?id=416516 The Tribunal held that the amendment brought by Finance Act 2021 is prospective and applies from Assessment Year (AY) 2021-22 onwards. Therefore, for the relevant AYs (2014-15, 2017-18, and 2019-20), deductions for employees' contributions to PF and ESI made before the due date of filing the return of income are allowed based on binding judicial precedents. The appeals of the assessee were allowed, directing the AO to delete the additions. en-us Wed, 15 Dec 2021 00:00:00 +0530 Fri, 31 Dec 2021 08:52:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416516 The Tribunal held that the amendment brought by Finance Act 2021 is prospective and applies from Assessment Year (AY) 2021-22 onwards. Therefore, for the relevant AYs (2014-15, 2017-18, and 2019-20), deductions for employees' contributions to PF and ESI made before the due date of filing the return of income are allowed based on binding judicial precedents. The appeals of the assessee were allowed, directing the AO to delete the additions. Case-Laws Income Tax Wed, 15 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416516