https://www.taxtmi.com/caselaws?id=422244 The Tribunal ruled in favor of the assessee, holding that no disallowance could be made for the payment of employees' contribution to Provident Fund and ESI if made before the due date of filing the income tax return. The retrospective nature of the amendment brought by the Finance Act, 2021, was considered clarificatory, allowing employers to make deposits with some delays subject to interest and penalties. The Tribunal relied on precedents and dismissed the Revenue's appeals, directing the deletion of the disallowance sustained by the CIT (A). The appeal filed by the assessee was allowed, with the order pronounced on April 21, 2022. en-us Thu, 21 Apr 2022 00:00:00 +0530 Thu, 12 May 2022 08:44:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422244 The Tribunal ruled in favor of the assessee, holding that no disallowance could be made for the payment of employees' contribution to Provident Fund and ESI if made before the due date of filing the income tax return. The retrospective nature of the amendment brought by the Finance Act, 2021, was considered clarificatory, allowing employers to make deposits with some delays subject to interest and penalties. The Tribunal relied on precedents and dismissed the Revenue's appeals, directing the deletion of the disallowance sustained by the CIT (A). The appeal filed by the assessee was allowed, with the order pronounced on April 21, 2022. Case-Laws Income Tax Thu, 21 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422244