https://www.taxtmi.com/caselaws?id=423011 The ITAT Chennai consolidated appeals for AY 2019-20 and AY 2018-19, ruling in favor of the appellant. Contributions to PF & ESI made before the due date for filing income tax returns were deemed deductible under Section 36(1)(va). The ITAT emphasized the prospective nature of the amendment by the Finance Act, 2021, applicable from AY 2021-22 onwards. The Assessing Officer was directed to delete the additions if payments were timely. The judgment aligned with High Court decisions, ultimately allowing the appeals for both assessment years. en-us Thu, 19 May 2022 00:00:00 +0530 Thu, 26 May 2022 15:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423011 The ITAT Chennai consolidated appeals for AY 2019-20 and AY 2018-19, ruling in favor of the appellant. Contributions to PF & ESI made before the due date for filing income tax returns were deemed deductible under Section 36(1)(va). The ITAT emphasized the prospective nature of the amendment by the Finance Act, 2021, applicable from AY 2021-22 onwards. The Assessing Officer was directed to delete the additions if payments were timely. The judgment aligned with High Court decisions, ultimately allowing the appeals for both assessment years. Case-Laws Income Tax Thu, 19 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423011