https://www.taxtmi.com/caselaws?id=419923 The ITAT, Kolkata allowed the appeals of the assessee, holding that deductions for employees' contribution paid before the due date of filing the return were permissible. The amendment by the Finance Act, 2021 disallowing such deductions was deemed prospective, effective from A.Y. 2021-22 onwards. The ITAT upheld the High Court's view that timely payments allowed for deductions, leading to the deletion of disallowances in both cases. The orders were pronounced on March 9th, 2022. en-us Wed, 09 Mar 2022 00:00:00 +0530 Wed, 23 Mar 2022 08:39:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419923 The ITAT, Kolkata allowed the appeals of the assessee, holding that deductions for employees' contribution paid before the due date of filing the return were permissible. The amendment by the Finance Act, 2021 disallowing such deductions was deemed prospective, effective from A.Y. 2021-22 onwards. The ITAT upheld the High Court's view that timely payments allowed for deductions, leading to the deletion of disallowances in both cases. The orders were pronounced on March 9th, 2022. Case-Laws Income Tax Wed, 09 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419923