https://www.taxtmi.com/caselaws?id=416562 The ITAT allowed the assessee's appeal, setting aside the Ld.CIT(A)'s disallowance of the addition made on account of delayed payment of ESI and PF. The ITAT held that the amendments by the Finance Act, 2021 applied prospectively from assessment year 2021-22 onwards. Emphasizing the jurisdictional High Court's consistent stance that employees' contributions to ESI and PF were deductible if paid by the due date of filing the return of income, the ITAT directed the AO to allow the assessee's claim. The decision was pronounced on October 4, 2021. en-us Mon, 04 Oct 2021 00:00:00 +0530 Fri, 31 Dec 2021 18:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416562 The ITAT allowed the assessee's appeal, setting aside the Ld.CIT(A)'s disallowance of the addition made on account of delayed payment of ESI and PF. The ITAT held that the amendments by the Finance Act, 2021 applied prospectively from assessment year 2021-22 onwards. Emphasizing the jurisdictional High Court's consistent stance that employees' contributions to ESI and PF were deductible if paid by the due date of filing the return of income, the ITAT directed the AO to allow the assessee's claim. The decision was pronounced on October 4, 2021. Case-Laws Income Tax Mon, 04 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416562