https://www.taxtmi.com/caselaws?id=420940 The Tribunal allowed the appeal in favor of the appellant, holding that the amendment in section 36(1)(va) was prospective from April 1, 2021, not retrospective. The disallowance of employees' contribution to PF/ESI was deleted, directing the AO to allow the deduction if paid before the due date of filing the return under section 139(1) of the Income Tax Act. The decision aligned with the Jurisdictional High Court's view and emphasized the importance of timely payment of contributions and the application of tax law amendments. en-us Wed, 02 Mar 2022 00:00:00 +0530 Wed, 13 Apr 2022 17:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420940 The Tribunal allowed the appeal in favor of the appellant, holding that the amendment in section 36(1)(va) was prospective from April 1, 2021, not retrospective. The disallowance of employees' contribution to PF/ESI was deleted, directing the AO to allow the deduction if paid before the due date of filing the return under section 139(1) of the Income Tax Act. The decision aligned with the Jurisdictional High Court's view and emphasized the importance of timely payment of contributions and the application of tax law amendments. Case-Laws Income Tax Wed, 02 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420940