https://www.taxtmi.com/caselaws?id=420272 The Tribunal overturned the disallowance of Employee's State Insurance Corporation (ESIC) and Provident Fund (PF) contributions amounting to Rs. 5,61,32,750 under Section 36(1)(va) of the Income Tax Act. The Tribunal held that the contributions were made before the due date of filing the return of income, citing precedents and the Finance Act, 2021 amendment exempting such contributions from Section 43B. The Tribunal deemed the disallowance unjustified, allowing the appeals and rejecting the Assessing Officer's adjustments upheld by the CIT(A). en-us Tue, 22 Feb 2022 00:00:00 +0530 Thu, 31 Mar 2022 08:20:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420272 The Tribunal overturned the disallowance of Employee's State Insurance Corporation (ESIC) and Provident Fund (PF) contributions amounting to Rs. 5,61,32,750 under Section 36(1)(va) of the Income Tax Act. The Tribunal held that the contributions were made before the due date of filing the return of income, citing precedents and the Finance Act, 2021 amendment exempting such contributions from Section 43B. The Tribunal deemed the disallowance unjustified, allowing the appeals and rejecting the Assessing Officer's adjustments upheld by the CIT(A). Case-Laws Income Tax Tue, 22 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420272