https://www.taxtmi.com/caselaws?id=420309 The Tribunal allowed the appeal, directing the deletion of the disallowance of Rs. 15,33,986/- concerning delayed deposits of employees' contributions to ESI and PF. Emphasizing the binding nature of jurisdictional High Court decisions, it held that contributions made before the due date of filing the return of income should not be disallowed under Section 43B read with Section 36(1)(va) of the IT Act. The Tribunal noted that the amendments introduced by the Finance Act, 2021, could not be applied retrospectively to the assessment year in question. en-us Tue, 29 Mar 2022 00:00:00 +0530 Thu, 31 Mar 2022 08:23:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420309 The Tribunal allowed the appeal, directing the deletion of the disallowance of Rs. 15,33,986/- concerning delayed deposits of employees' contributions to ESI and PF. Emphasizing the binding nature of jurisdictional High Court decisions, it held that contributions made before the due date of filing the return of income should not be disallowed under Section 43B read with Section 36(1)(va) of the IT Act. The Tribunal noted that the amendments introduced by the Finance Act, 2021, could not be applied retrospectively to the assessment year in question. Case-Laws Income Tax Tue, 29 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420309