https://www.taxtmi.com/caselaws?id=421872 The Tribunal ruled in favor of the assessee, allowing the appeal and dismissing those filed by the Revenue. It emphasized that no disallowance could be made if the payment of employees' contribution to PF/ESI was made before the due date of filing the return of income under section 139(1) of the Income-tax Act. The Tribunal's decision was based on the retrospective and clarificatory nature of the amendment brought by the Finance Act, 2021, and the application of relevant legal precedents, ultimately leading to a favorable outcome for the assessee. en-us Wed, 27 Apr 2022 00:00:00 +0530 Tue, 03 May 2022 22:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421872 The Tribunal ruled in favor of the assessee, allowing the appeal and dismissing those filed by the Revenue. It emphasized that no disallowance could be made if the payment of employees' contribution to PF/ESI was made before the due date of filing the return of income under section 139(1) of the Income-tax Act. The Tribunal's decision was based on the retrospective and clarificatory nature of the amendment brought by the Finance Act, 2021, and the application of relevant legal precedents, ultimately leading to a favorable outcome for the assessee. Case-Laws Income Tax Wed, 27 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421872