https://www.taxtmi.com/caselaws?id=418225 The Tribunal allowed the appeal of the assessee, directing the deletion of the addition made towards employees' contributions to ESI and PF. The Tribunal held that contributions paid before the due date of filing the return of income should not be disallowed under Section 36(1)(va) and Section 43B of the Income Tax Act. Additionally, the Tribunal ruled that the amendment by the Finance Act, 2021, clarifying the treatment of employees' contributions, could not be applied retrospectively to the assessment year in question. en-us Wed, 22 Dec 2021 00:00:00 +0530 Fri, 11 Feb 2022 07:21:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418225 The Tribunal allowed the appeal of the assessee, directing the deletion of the addition made towards employees' contributions to ESI and PF. The Tribunal held that contributions paid before the due date of filing the return of income should not be disallowed under Section 36(1)(va) and Section 43B of the Income Tax Act. Additionally, the Tribunal ruled that the amendment by the Finance Act, 2021, clarifying the treatment of employees' contributions, could not be applied retrospectively to the assessment year in question. Case-Laws Income Tax Wed, 22 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418225