https://www.taxtmi.com/highlights?id=62013 Disallowance towards Employees contribution to EPF/ESIC which was deposited belatedly but before the time limit prescribed u/s. 139(1) - Memorandum explaining the provisions of the Finance Bill, 2021, provides that this amendment will take effect from 1st April, 2021 and will, accordingly apply in relation to assessment year 2021-2022 and subsequent assessment years. Since the assessment year under consideration, namely, 2018-19 is anterior to the amendment carried out with effect from A.Y. 2021-22, we hold that the position of law as set out by various Hon'ble High Courts squarely applies to the facts and circumstances of the instant case - AT en-us Fri, 18 Feb 2022 13:27:37 +0530 Fri, 18 Feb 2022 13:27:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=62013 Disallowance towards Employees contribution to EPF/ESIC which was deposited belatedly but before the time limit prescribed u/s. 139(1) - Memorandum explaining the provisions of the Finance Bill, 2021, provides that this amendment will take effect from 1st April, 2021 and will, accordingly apply in relation to assessment year 2021-2022 and subsequent assessment years. Since the assessment year under consideration, namely, 2018-19 is anterior to the amendment carried out with effect from A.Y. 2021-22, we hold that the position of law as set out by various Hon'ble High Courts squarely applies to the facts and circumstances of the instant case - AT Highlights Income Tax Fri, 18 Feb 2022 13:27:37 +0530 https://www.taxtmi.com/highlights?id=62013