https://www.taxtmi.com/caselaws?id=419435 The Tribunal allowed the appeal of the assessee, deleting the addition of Rs. 3,16,479/- for late deposits of PF and ESI contributions. It held that deductions should be allowed for contributions deposited before filing the return under Section 139(1), in line with judicial precedents and despite the Finance Act, 2021 amendments not having retrospective effect. The Tribunal's decision aligned with the Allahabad High Court's ruling in Sagun Foundry (P.) Ltd. The order was pronounced on 08/03/2022. en-us Tue, 08 Mar 2022 00:00:00 +0530 Fri, 11 Mar 2022 08:00:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419435 The Tribunal allowed the appeal of the assessee, deleting the addition of Rs. 3,16,479/- for late deposits of PF and ESI contributions. It held that deductions should be allowed for contributions deposited before filing the return under Section 139(1), in line with judicial precedents and despite the Finance Act, 2021 amendments not having retrospective effect. The Tribunal's decision aligned with the Allahabad High Court's ruling in Sagun Foundry (P.) Ltd. The order was pronounced on 08/03/2022. Case-Laws Income Tax Tue, 08 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419435