https://www.taxtmi.com/caselaws?id=423085 The Tribunal allowed the appeal, ruling in favor of the assessee. It held that the addition of Employees' contribution towards Provident Fund and ESIC was unjustified as the contributions were made before the due date of filing the income tax return. The Tribunal also determined that the amended provisions of Sections 36(va) and 43B were not retrospective for the relevant assessment year, thereby setting aside the CIT(A)'s order and directing the deletion of the disallowance. The decision was based on a comprehensive analysis of legal provisions and precedents. en-us Thu, 26 May 2022 00:00:00 +0530 Sat, 28 May 2022 09:37:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423085 The Tribunal allowed the appeal, ruling in favor of the assessee. It held that the addition of Employees' contribution towards Provident Fund and ESIC was unjustified as the contributions were made before the due date of filing the income tax return. The Tribunal also determined that the amended provisions of Sections 36(va) and 43B were not retrospective for the relevant assessment year, thereby setting aside the CIT(A)'s order and directing the deletion of the disallowance. The decision was based on a comprehensive analysis of legal provisions and precedents. Case-Laws Income Tax Thu, 26 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423085