https://www.taxtmi.com/caselaws?id=416952 The Tribunal allowed the assessee's appeal against the disallowance of a claim for belated remittance of Employee's provident fund and ESI Contribution for the assessment year 2018-19. The Tribunal held that the amendment to section 36(1)(va) and 43B by Finance Act, 2021, was prospective and not retrospective, directing the AO to grant the deduction as the payment was made before the due date of filing the return. The decision emphasized the entitlement to the deduction based on timely payment, favoring the assessee in this case. en-us Tue, 04 Jan 2022 00:00:00 +0530 Fri, 09 Sep 2022 11:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416952 The Tribunal allowed the assessee's appeal against the disallowance of a claim for belated remittance of Employee's provident fund and ESI Contribution for the assessment year 2018-19. The Tribunal held that the amendment to section 36(1)(va) and 43B by Finance Act, 2021, was prospective and not retrospective, directing the AO to grant the deduction as the payment was made before the due date of filing the return. The decision emphasized the entitlement to the deduction based on timely payment, favoring the assessee in this case. Case-Laws Income Tax Tue, 04 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416952