https://www.taxtmi.com/caselaws?id=300542 The ITAT allowed the appeals of the assessees, deleting the additions made by the Assessing Officer and upheld by the CIT(A) regarding late deposits of employees' share of PF & ESI. The ITAT relied on precedent cases and jurisdictional High Court rulings, determining that contributions made before the due date for filing the return of income should not be disallowed. The amendments introduced by the Finance Act, 2021, were held to apply prospectively, leading to the deletion of the additions in the present cases. en-us Tue, 28 Sep 2021 00:00:00 +0530 Thu, 10 Feb 2022 08:53:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300542 The ITAT allowed the appeals of the assessees, deleting the additions made by the Assessing Officer and upheld by the CIT(A) regarding late deposits of employees' share of PF & ESI. The ITAT relied on precedent cases and jurisdictional High Court rulings, determining that contributions made before the due date for filing the return of income should not be disallowed. The amendments introduced by the Finance Act, 2021, were held to apply prospectively, leading to the deletion of the additions in the present cases. Case-Laws Income Tax Tue, 28 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300542