https://www.taxtmi.com/caselaws?id=301898 The Tribunal allowed the appeal, directing the revenue to grant the deduction claimed by the assessee for the disallowed employee contributions to Provident Fund and Employees' State Insurance due to late remittance. It was held that deductions for employee contributions are permissible if paid before the due date for filing the return under Section 139(1), despite the specific requirements of Section 36(1)(va). The Tribunal determined that the amendment by Finance Act, 2021, operates prospectively from Assessment Year 2021-22, supporting the assessee's position and dismissing the revenue's arguments. en-us Wed, 23 Feb 2022 00:00:00 +0530 Mon, 25 Apr 2022 20:44:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301898 The Tribunal allowed the appeal, directing the revenue to grant the deduction claimed by the assessee for the disallowed employee contributions to Provident Fund and Employees' State Insurance due to late remittance. It was held that deductions for employee contributions are permissible if paid before the due date for filing the return under Section 139(1), despite the specific requirements of Section 36(1)(va). The Tribunal determined that the amendment by Finance Act, 2021, operates prospectively from Assessment Year 2021-22, supporting the assessee's position and dismissing the revenue's arguments. Case-Laws Income Tax Wed, 23 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301898