https://www.taxtmi.com/caselaws?id=422007 The Tribunal allowed the assessee's appeal, finding that the disallowance of Rs. 2,06,688/- for the assessment year 2018-19 due to delayed payment of Employee's share of EPF/ESI was not justified. The Tribunal held that the retrospective application of Explanation 2 to Section 36(1)(va) introduced by the Finance Act, 2021, was not applicable in this case. Therefore, the disallowance made by the AO and upheld by the CIT(A) was deleted, and the appeal was allowed in favor of the assessee. en-us Wed, 06 Apr 2022 00:00:00 +0530 Fri, 06 May 2022 08:31:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422007 The Tribunal allowed the assessee's appeal, finding that the disallowance of Rs. 2,06,688/- for the assessment year 2018-19 due to delayed payment of Employee's share of EPF/ESI was not justified. The Tribunal held that the retrospective application of Explanation 2 to Section 36(1)(va) introduced by the Finance Act, 2021, was not applicable in this case. Therefore, the disallowance made by the AO and upheld by the CIT(A) was deleted, and the appeal was allowed in favor of the assessee. Case-Laws Income Tax Wed, 06 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422007