https://www.taxtmi.com/caselaws?id=421871 For assessment years before the Finance Act, 2021 amendment took effect, employees' contribution to provident fund and ESI was treated as allowable if deposited before the due date for filing the return under section 139(1), even where payment was made after the welfare-law due date. Following jurisdictional High Court and coordinate Bench authority, the Tribunal treated the 2021 amendment to section 36(1)(va) and section 43B as prospective. On that basis, the disallowance sustained in first appeal was not justified when the contributions had been paid before the return-filing deadline, and the addition was deleted. en-us Thu, 21 Apr 2022 00:00:00 +0530 Wed, 04 May 2022 08:29:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421871 For assessment years before the Finance Act, 2021 amendment took effect, employees' contribution to provident fund and ESI was treated as allowable if deposited before the due date for filing the return under section 139(1), even where payment was made after the welfare-law due date. Following jurisdictional High Court and coordinate Bench authority, the Tribunal treated the 2021 amendment to section 36(1)(va) and section 43B as prospective. On that basis, the disallowance sustained in first appeal was not justified when the contributions had been paid before the return-filing deadline, and the addition was deleted. Case-Laws Income Tax Thu, 21 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421871