https://www.taxtmi.com/caselaws?id=418512 ITAT Bangalore allowed the assessee's claim for deduction of employees' contributions to PF and ESI that were remitted after the statutory due dates under the respective welfare laws but before the due date for filing the return under s.139(1) of the Act. Relying on the binding precedent of the jurisdictional HC, the Tribunal held that such payments are deductible under ss.36(1)(va) and 43B. It further held that the Finance Act 2021 amendments to ss.36(1)(va) and 43B are prospective and not applicable to the assessment years in question. en-us Tue, 08 Feb 2022 00:00:00 +0530 Fri, 05 Dec 2025 14:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418512 ITAT Bangalore allowed the assessee's claim for deduction of employees' contributions to PF and ESI that were remitted after the statutory due dates under the respective welfare laws but before the due date for filing the return under s.139(1) of the Act. Relying on the binding precedent of the jurisdictional HC, the Tribunal held that such payments are deductible under ss.36(1)(va) and 43B. It further held that the Finance Act 2021 amendments to ss.36(1)(va) and 43B are prospective and not applicable to the assessment years in question. Case-Laws Income Tax Tue, 08 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418512