https://www.taxtmi.com/caselaws?id=301853 The ITAT ruled in favor of the assessee, allowing the appeal and deleting the disallowance of the employees' contribution amount to ESI and PF. The ITAT held that the Finance Act, 2021 amendment to sections 43B and 36(1)(va) is prospective, not retrospective, as argued by the Revenue. The jurisdictional High Court's previous decisions supported the assessee's position that payment before the due date of filing the return of income sufficed. Consequently, the disallowance was deemed unjustified, and the appeal was allowed in favor 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=301853 The ITAT ruled in favor of the assessee, allowing the appeal and deleting the disallowance of the employees' contribution amount to ESI and PF. The ITAT held that the Finance Act, 2021 amendment to sections 43B and 36(1)(va) is prospective, not retrospective, as argued by the Revenue. The jurisdictional High Court's previous decisions supported the assessee's position that payment before the due date of filing the return of income sufficed. Consequently, the disallowance was deemed unjustified, and the appeal was allowed in favor of the assessee. Case-Laws Income Tax Thu, 02 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301853