https://www.taxtmi.com/caselaws?id=300327 Employees' contribution to provident fund and ESI deposited before the return-filing due date, though after the welfare-law deadline, was treated as deductible because the Finance Act 2021 amendment to section 36(1)(va) and the related section 43B explanation was applied prospectively from 1 April 2021. Section 14A was held inapplicable where no exempt income was earned or receivable during the relevant year, so no disallowance could be made on that basis. The result was deletion of both additions in favour of the assessee. en-us Thu, 27 May 2021 00:00:00 +0530 Mon, 24 Jan 2022 20:17:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300327 Employees' contribution to provident fund and ESI deposited before the return-filing due date, though after the welfare-law deadline, was treated as deductible because the Finance Act 2021 amendment to section 36(1)(va) and the related section 43B explanation was applied prospectively from 1 April 2021. Section 14A was held inapplicable where no exempt income was earned or receivable during the relevant year, so no disallowance could be made on that basis. The result was deletion of both additions in favour of the assessee. Case-Laws Income Tax Thu, 27 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300327