https://www.taxtmi.com/caselaws?id=419932 The ITAT allowed the appeal, holding that the Finance Act, 2021 amendments to sections 43B and 36(1)(va) were not clarificatory and did not apply to the assessment year 2019-20. The ITAT emphasized that deductions for employees' contributions to PF and ESI were permissible if paid before the due date for filing returns under section 139(1) of the Act. The ITAT aligned with the Karnataka High Court's decision, granting relief to the assessee and directing the AO to allow the deduction for employees' contributions to ESI. en-us Mon, 14 Mar 2022 00:00:00 +0530 Tue, 22 Mar 2022 14:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419932 The ITAT allowed the appeal, holding that the Finance Act, 2021 amendments to sections 43B and 36(1)(va) were not clarificatory and did not apply to the assessment year 2019-20. The ITAT emphasized that deductions for employees' contributions to PF and ESI were permissible if paid before the due date for filing returns under section 139(1) of the Act. The ITAT aligned with the Karnataka High Court's decision, granting relief to the assessee and directing the AO to allow the deduction for employees' contributions to ESI. Case-Laws Income Tax Mon, 14 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419932