https://www.taxtmi.com/caselaws?id=417408 The Tribunal allowed the appeal of the assessee and directed the deletion of the addition of Rs. 2,24,135 under Section 36(1)(va) for delayed payment of employees' contribution towards PF and ESI. The Tribunal relied on Rajasthan High Court decisions stating that if contributions are paid before the due date of filing the return of income, no disallowance should be made. The Tribunal also noted that the amendment by the Finance Act, 2021, clarifying the treatment of delayed contributions, is applicable prospectively from 2021-22 and not to the assessment year in question, 2014-15. en-us Tue, 09 Nov 2021 00:00:00 +0530 Sat, 22 Jan 2022 08:48:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417408 The Tribunal allowed the appeal of the assessee and directed the deletion of the addition of Rs. 2,24,135 under Section 36(1)(va) for delayed payment of employees' contribution towards PF and ESI. The Tribunal relied on Rajasthan High Court decisions stating that if contributions are paid before the due date of filing the return of income, no disallowance should be made. The Tribunal also noted that the amendment by the Finance Act, 2021, clarifying the treatment of delayed contributions, is applicable prospectively from 2021-22 and not to the assessment year in question, 2014-15. Case-Laws Income Tax Tue, 09 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417408