https://www.taxtmi.com/caselaws?id=416902 The Tribunal allowed the appeals filed by the assessee and directed the Assessing Officer to delete the disallowance of EPF and ESI contributions for the respective assessment years. It held that contributions made before the due date of filing the return are allowable deductions, in line with judgments of the Hon'ble Delhi High Court and the explanatory notes to the Finance Bill 2021. The Tribunal clarified that the amendment by the Finance Bill 2021 was not prospective but explanatory, reinforcing that section 43B never applied to employees' contributions. en-us Tue, 28 Dec 2021 00:00:00 +0530 Mon, 10 Jan 2022 14:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416902 The Tribunal allowed the appeals filed by the assessee and directed the Assessing Officer to delete the disallowance of EPF and ESI contributions for the respective assessment years. It held that contributions made before the due date of filing the return are allowable deductions, in line with judgments of the Hon'ble Delhi High Court and the explanatory notes to the Finance Bill 2021. The Tribunal clarified that the amendment by the Finance Bill 2021 was not prospective but explanatory, reinforcing that section 43B never applied to employees' contributions. Case-Laws Income Tax Tue, 28 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416902