https://www.taxtmi.com/caselaws?id=419975 The ITAT Jaipur Bench allowed the appeals, deleting the additions made by CPC Bangalore for late deposit of employees' contributions to PF & ESI. The contributions were deposited before the due date of filing the return, as per Section 139(1). The Bench held that the Finance Act, 2021 amendment is prospective from AY 2021-22, following the precedent set by the Rajasthan High Court. Therefore, the disallowances were overturned, in line with the High Court's rulings on the matter. en-us Tue, 01 Mar 2022 00:00:00 +0530 Thu, 24 Mar 2022 09:21:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419975 The ITAT Jaipur Bench allowed the appeals, deleting the additions made by CPC Bangalore for late deposit of employees' contributions to PF & ESI. The contributions were deposited before the due date of filing the return, as per Section 139(1). The Bench held that the Finance Act, 2021 amendment is prospective from AY 2021-22, following the precedent set by the Rajasthan High Court. Therefore, the disallowances were overturned, in line with the High Court's rulings on the matter. Case-Laws Income Tax Tue, 01 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419975