https://www.taxtmi.com/caselaws?id=422686 The Tribunal allowed the appeals filed by the assessee against the orders of the Commissioner of Income-tax (Appeals) regarding the disallowance of employee contributions to Provident Fund and ESIC. The Tribunal held that the amendment introduced in the Finance Act 2021 did not apply retrospectively to the assessment year in question. Emphasizing the timely deposit of contributions before the due date, the Tribunal set aside the disallowance under section 143(1) of the Income-tax Act, 1961, and allowed the appeals in favor of the assessee for both assessment years. en-us Tue, 17 May 2022 00:00:00 +0530 Fri, 20 May 2022 09:01:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422686 The Tribunal allowed the appeals filed by the assessee against the orders of the Commissioner of Income-tax (Appeals) regarding the disallowance of employee contributions to Provident Fund and ESIC. The Tribunal held that the amendment introduced in the Finance Act 2021 did not apply retrospectively to the assessment year in question. Emphasizing the timely deposit of contributions before the due date, the Tribunal set aside the disallowance under section 143(1) of the Income-tax Act, 1961, and allowed the appeals in favor of the assessee for both assessment years. Case-Laws Income Tax Tue, 17 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422686