https://www.taxtmi.com/caselaws?id=418266 The Tribunal allowed the appeals of the assessees, holding that contributions towards EPF and ESI made before the due date of filing the income tax return under section 139(1) should be allowed as deductions. The Tribunal emphasized that the legislative amendments introduced by the Finance Act, 2021, do not have retrospective application. The disallowances on account of late deposits of employees' contributions to EPF and ESI were deemed unjustified, overturning the decisions of the Assessing Officer and CIT(A). en-us Wed, 19 Jan 2022 00:00:00 +0530 Fri, 11 Feb 2022 18:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418266 The Tribunal allowed the appeals of the assessees, holding that contributions towards EPF and ESI made before the due date of filing the income tax return under section 139(1) should be allowed as deductions. The Tribunal emphasized that the legislative amendments introduced by the Finance Act, 2021, do not have retrospective application. The disallowances on account of late deposits of employees' contributions to EPF and ESI were deemed unjustified, overturning the decisions of the Assessing Officer and CIT(A). Case-Laws Income Tax Wed, 19 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418266