https://www.taxtmi.com/caselaws?id=417619 The Tribunal allowed the appeal in favor of the assessee, overturning the disallowance of Rs. 22,29,788/- for delayed payment of employees' contribution to PF and ESI. The Tribunal held that the amendment by the Finance Act, 2021, was prospective and should be applied from 1st April 2021 onwards. Relying on Supreme Court decisions and Jurisdictional High Court rulings, the Tribunal directed the Assessing Officer to allow the deduction for the contributions paid before the due date of filing the return under section 139(1) of the Income Tax Act, 1961. en-us Thu, 18 Nov 2021 00:00:00 +0530 Fri, 28 Jan 2022 09:02:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417619 The Tribunal allowed the appeal in favor of the assessee, overturning the disallowance of Rs. 22,29,788/- for delayed payment of employees' contribution to PF and ESI. The Tribunal held that the amendment by the Finance Act, 2021, was prospective and should be applied from 1st April 2021 onwards. Relying on Supreme Court decisions and Jurisdictional High Court rulings, the Tribunal directed the Assessing Officer to allow the deduction for the contributions paid before the due date of filing the return under section 139(1) of the Income Tax Act, 1961. Case-Laws Income Tax Thu, 18 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417619