https://www.taxtmi.com/caselaws?id=418135 Employees' contribution to provident fund and ESI is treated as deductible where the payment is made before the due date for filing the return under section 139(1), following the jurisdictional High Court view in Essae Teraoka. The Finance Act, 2021 amendments to sections 36(1)(va) and 43B are not clarificatory and do not apply retrospectively, because an amendment that imposes an adverse tax consequence is ordinarily prospective unless expressly stated otherwise. The practical effect is that, for the relevant assessment year, such timely remittances remain allowable and disallowance is not sustained. en-us Tue, 01 Feb 2022 00:00:00 +0530 Tue, 08 Mar 2022 19:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418135 Employees' contribution to provident fund and ESI is treated as deductible where the payment is made before the due date for filing the return under section 139(1), following the jurisdictional High Court view in Essae Teraoka. The Finance Act, 2021 amendments to sections 36(1)(va) and 43B are not clarificatory and do not apply retrospectively, because an amendment that imposes an adverse tax consequence is ordinarily prospective unless expressly stated otherwise. The practical effect is that, for the relevant assessment year, such timely remittances remain allowable and disallowance is not sustained. Case-Laws Income Tax Tue, 01 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418135