https://www.taxtmi.com/caselaws?id=420659 The Tribunal allowed the appeal, ruling in favor of the assessee by directing the deletion of the disallowance of Rs. 116,244 for delayed ESI and PF contributions. It held that the amendments by the Finance Act, 2021, were prospective and not retrospective, applying from the assessment year 2021-22. The Tribunal emphasized that the payments were made within the timeline specified under Section 139(1) of the Income Tax Act, ultimately allowing the appeal. en-us Thu, 24 Mar 2022 00:00:00 +0530 Thu, 07 Apr 2022 10:00:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420659 The Tribunal allowed the appeal, ruling in favor of the assessee by directing the deletion of the disallowance of Rs. 116,244 for delayed ESI and PF contributions. It held that the amendments by the Finance Act, 2021, were prospective and not retrospective, applying from the assessment year 2021-22. The Tribunal emphasized that the payments were made within the timeline specified under Section 139(1) of the Income Tax Act, ultimately allowing the appeal. Case-Laws Income Tax Thu, 24 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420659