https://www.taxtmi.com/caselaws?id=422566 The Tribunal ruled that no disallowance is justified for delayed payment of employees' contributions to PF and ESI if deposited before the due date for filing the return. The Assessee's appeal was allowed, directing the Assessing Officer/CPC to remove the disallowance. The Tribunal referenced relevant sections of the Income Tax Act, judicial precedents, and the Finance Act, 2021 amendments to support its decision. The case outcome favored the Assessee, emphasizing timely deposit of employees' contributions to avoid disallowance. en-us Wed, 27 Apr 2022 00:00:00 +0530 Wed, 18 May 2022 08:57:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422566 The Tribunal ruled that no disallowance is justified for delayed payment of employees' contributions to PF and ESI if deposited before the due date for filing the return. The Assessee's appeal was allowed, directing the Assessing Officer/CPC to remove the disallowance. The Tribunal referenced relevant sections of the Income Tax Act, judicial precedents, and the Finance Act, 2021 amendments to support its decision. The case outcome favored the Assessee, emphasizing timely deposit of employees' contributions to avoid disallowance. Case-Laws Income Tax Wed, 27 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422566