https://www.taxtmi.com/caselaws?id=420031 The ITAT allowed the appeal, directing the deletion of the disallowance under section 36 for late payment of ESI/PF contributions. The ITAT ruled that the amendment by the Finance Act, 2021, which clarified the timing of employees' contributions for deductions under section 36(1)(va), applied prospectively from assessment year 2021-22. As the assessment year in question was 2019-20, the amendment could not be applied. Therefore, the addition made by the CPC was deleted, and the assessee's appeal was successful. en-us Fri, 11 Mar 2022 00:00:00 +0530 Fri, 25 Mar 2022 08:35:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420031 The ITAT allowed the appeal, directing the deletion of the disallowance under section 36 for late payment of ESI/PF contributions. The ITAT ruled that the amendment by the Finance Act, 2021, which clarified the timing of employees' contributions for deductions under section 36(1)(va), applied prospectively from assessment year 2021-22. As the assessment year in question was 2019-20, the amendment could not be applied. Therefore, the addition made by the CPC was deleted, and the assessee's appeal was successful. Case-Laws Income Tax Fri, 11 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420031