https://www.taxtmi.com/caselaws?id=301854 The ITAT allowed the appeal, overturning the disallowance of delayed payments of employees' contribution to ESI and PF. It held that the Finance Act, 2021 amendment to section 36(1)(va) of the Income Tax Act should be applied prospectively, aligning with previous decisions favoring the assessee. The ITAT emphasized that deductions for employees' contribution to ESI and PF were permissible if paid before the due date of filing the return of income under section 139(1) of the Act, directing the AO to allow the claim of the assessee. en-us Thu, 02 Dec 2021 00:00:00 +0530 Fri, 22 Apr 2022 21:50:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301854 The ITAT allowed the appeal, overturning the disallowance of delayed payments of employees' contribution to ESI and PF. It held that the Finance Act, 2021 amendment to section 36(1)(va) of the Income Tax Act should be applied prospectively, aligning with previous decisions favoring the assessee. The ITAT emphasized that deductions for employees' contribution to ESI and PF were permissible if paid before the due date of filing the return of income under section 139(1) of the Act, directing the AO to allow the claim of the assessee. Case-Laws Income Tax Thu, 02 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301854