https://www.taxtmi.com/caselaws?id=417595 The tribunal allowed the assessee's appeal, holding that deductions for delayed deposits of employee contributions towards PF/ESI are permissible if made before the due date for filing the return under Section 139(1). The tribunal emphasized the prospective applicability of the amendments introduced by the Finance Act, 2021 to Sections 36(1)(va) and 43B, providing certainty and rationalizing the provisions. The decision aligned with judicial precedents and aimed to reduce litigation, granting the assessee the deduction for the relevant assessment year. en-us Thu, 20 Jan 2022 00:00:00 +0530 Thu, 27 Jan 2022 10:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417595 The tribunal allowed the assessee's appeal, holding that deductions for delayed deposits of employee contributions towards PF/ESI are permissible if made before the due date for filing the return under Section 139(1). The tribunal emphasized the prospective applicability of the amendments introduced by the Finance Act, 2021 to Sections 36(1)(va) and 43B, providing certainty and rationalizing the provisions. The decision aligned with judicial precedents and aimed to reduce litigation, granting the assessee the deduction for the relevant assessment year. Case-Laws Income Tax Thu, 20 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417595