https://www.taxtmi.com/caselaws?id=420489 Employees' contribution to provident fund and ESI was examined against the statutory distinction from employer's contribution, with the Finance Bill, 2021 memorandum noting that the amendment to section 36(1)(va) and section 43B operates prospectively from 1 April 2021. For the years in issue, the decisive fact was that the contributions collected by the employer were deposited in the Government treasury before the due date for filing the return. On that basis, the disallowance did not survive and the addition was deleted in favour of the assessees. en-us Thu, 17 Mar 2022 00:00:00 +0530 Mon, 04 Apr 2022 09:13:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420489 Employees' contribution to provident fund and ESI was examined against the statutory distinction from employer's contribution, with the Finance Bill, 2021 memorandum noting that the amendment to section 36(1)(va) and section 43B operates prospectively from 1 April 2021. For the years in issue, the decisive fact was that the contributions collected by the employer were deposited in the Government treasury before the due date for filing the return. On that basis, the disallowance did not survive and the addition was deleted in favour of the assessees. Case-Laws Income Tax Thu, 17 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420489