https://www.taxtmi.com/caselaws?id=420090 Employee's contribution to PF and ESI paid after the welfare enactment due date but before the return-filing due date was held allowable under section 43B. The Tribunal followed its earlier view that, for the pre-amendment period, such contributions were not liable to disallowance if remitted before the due date under section 139(1). It further noted that the Finance Act, 2021 amendments inserting Explanation 2 to section 36(1)(va) and Explanation 5 to section 43B operate prospectively from 01.04.2021. On that basis, the addition for belated remittance was deleted and the assessee's claim was accepted. en-us Thu, 10 Mar 2022 00:00:00 +0530 Sat, 26 Mar 2022 09:00:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420090 Employee's contribution to PF and ESI paid after the welfare enactment due date but before the return-filing due date was held allowable under section 43B. The Tribunal followed its earlier view that, for the pre-amendment period, such contributions were not liable to disallowance if remitted before the due date under section 139(1). It further noted that the Finance Act, 2021 amendments inserting Explanation 2 to section 36(1)(va) and Explanation 5 to section 43B operate prospectively from 01.04.2021. On that basis, the addition for belated remittance was deleted and the assessee's claim was accepted. Case-Laws Income Tax Thu, 10 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420090