https://www.taxtmi.com/caselaws?id=422482 The Tribunal dismissed the Department's appeals and allowed the assessees' appeals, ruling that employees' contributions to PF and ESI, if paid before the due date of filing the return under section 139(1) of the Income Tax Act, are deductible. The Tribunal emphasized that the amendments introduced by the Finance Act, 2021, are prospective and not retrospective, supporting the assessees' position. The Cross Objection was also allowed. en-us Thu, 21 Apr 2022 00:00:00 +0530 Mon, 16 May 2022 08:43:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422482 The Tribunal dismissed the Department's appeals and allowed the assessees' appeals, ruling that employees' contributions to PF and ESI, if paid before the due date of filing the return under section 139(1) of the Income Tax Act, are deductible. The Tribunal emphasized that the amendments introduced by the Finance Act, 2021, are prospective and not retrospective, supporting the assessees' position. The Cross Objection was also allowed. Case-Laws Income Tax Thu, 21 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422482