https://www.taxtmi.com/caselaws?id=420689 The ITAT allowed the appeal, holding that the assessee could claim deduction for employees' contribution paid before the due date of filing the return, despite amendments by the Finance Act, 2021. The retrospective or prospective nature of the amendment was analyzed, with the ITAT determining it to be prospective from April 1, 2021. The decision favored the assessee, setting aside the order of the Ld. CIT(A) and directing the AO to allow the deduction. The ITAT emphasized the timely payment of employees' contributions for claiming deductions under the Income Tax Act. en-us Wed, 23 Mar 2022 00:00:00 +0530 Fri, 08 Apr 2022 08:01:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420689 The ITAT allowed the appeal, holding that the assessee could claim deduction for employees' contribution paid before the due date of filing the return, despite amendments by the Finance Act, 2021. The retrospective or prospective nature of the amendment was analyzed, with the ITAT determining it to be prospective from April 1, 2021. The decision favored the assessee, setting aside the order of the Ld. CIT(A) and directing the AO to allow the deduction. The ITAT emphasized the timely payment of employees' contributions for claiming deductions under the Income Tax Act. Case-Laws Income Tax Wed, 23 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420689