https://www.taxtmi.com/caselaws?id=422359 The tribunal allowed the appeal, overturning the additions of Rs. 46,527/- and Rs. 9,680/- by the Assessing Officer for delays in remitting employees' contributions to provident fund and ESI. The tribunal held that as the contributions were made before the due date of filing the return of income, no disallowance under section 36(1)(va) should apply for the assessment year 2018-19. The tribunal emphasized that the amendment introduced by the Finance Act, 2021, is prospective and not retrospective, effective from the assessment year 2021-22 onwards. en-us Mon, 09 May 2022 00:00:00 +0530 Fri, 13 May 2022 07:51:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422359 The tribunal allowed the appeal, overturning the additions of Rs. 46,527/- and Rs. 9,680/- by the Assessing Officer for delays in remitting employees' contributions to provident fund and ESI. The tribunal held that as the contributions were made before the due date of filing the return of income, no disallowance under section 36(1)(va) should apply for the assessment year 2018-19. The tribunal emphasized that the amendment introduced by the Finance Act, 2021, is prospective and not retrospective, effective from the assessment year 2021-22 onwards. Case-Laws Income Tax Mon, 09 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422359