https://www.taxtmi.com/caselaws?id=300706 The Tribunal allowed the appeal, condoning the delay in filing and considering the merits. It held that employees' contributions to PF and ESI are deductible if paid before the due date, contrary to the CIT(A)'s disallowance. The Tribunal emphasized that the Finance Act 2021 amendment is not retrospective, affirming deductions for timely payments. The decision favored the assessee, overturning the disallowance by the Assessing Officer and highlighting the significance of punctual employee contribution payments for deduction eligibility. en-us Sat, 08 Feb 2020 00:00:00 +0530 Tue, 08 Mar 2022 19:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300706 The Tribunal allowed the appeal, condoning the delay in filing and considering the merits. It held that employees' contributions to PF and ESI are deductible if paid before the due date, contrary to the CIT(A)'s disallowance. The Tribunal emphasized that the Finance Act 2021 amendment is not retrospective, affirming deductions for timely payments. The decision favored the assessee, overturning the disallowance by the Assessing Officer and highlighting the significance of punctual employee contribution payments for deduction eligibility. Case-Laws Income Tax Sat, 08 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300706