https://www.taxtmi.com/caselaws?id=421181 The Tribunal allowed the assessee's appeal, deleting the disallowance of Rs. 70,982 for delayed payment of employee's contribution towards ESI/PF. It held that contributions deposited before the return filing due date under Section 139(1) cannot be disallowed under Section 43B or Section 36(1)(va). The Tribunal emphasized that the amendments by the Finance Act, 2021, applied prospectively from April 1, 2021, and were not relevant to the assessment year 2019-20. The decision highlighted the importance of following the jurisdictional High Court's rulings in such matters. en-us Mon, 04 Apr 2022 00:00:00 +0530 Tue, 19 Apr 2022 08:54:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421181 The Tribunal allowed the assessee's appeal, deleting the disallowance of Rs. 70,982 for delayed payment of employee's contribution towards ESI/PF. It held that contributions deposited before the return filing due date under Section 139(1) cannot be disallowed under Section 43B or Section 36(1)(va). The Tribunal emphasized that the amendments by the Finance Act, 2021, applied prospectively from April 1, 2021, and were not relevant to the assessment year 2019-20. The decision highlighted the importance of following the jurisdictional High Court's rulings in such matters. Case-Laws Income Tax Mon, 04 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421181