https://www.taxtmi.com/caselaws?id=423383 The Tribunal allowed the deductions for employees' contributions to Provident Fund and Employees' State Insurance remitted after the due date but before the due date for filing income tax returns under Section 139(1). It held that adjustments under Section 143(1)(a) must be made judiciously with specific reasons, criticizing a standard template response. The Tribunal clarified that the amendments to Section 36(1)(va) and Section 43B introduced by the Finance Act, 2021, are prospective from A.Y. 2021-22 onwards, allowing deductions for contributions made before the income tax return due date. The Tribunal ruled in favor of the assessee, deleting the adjustments made under Section 143(1) and emphasizing the continued application of previous judicial precedents. en-us Thu, 19 May 2022 00:00:00 +0530 Mon, 06 Jun 2022 08:28:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423383 The Tribunal allowed the deductions for employees' contributions to Provident Fund and Employees' State Insurance remitted after the due date but before the due date for filing income tax returns under Section 139(1). It held that adjustments under Section 143(1)(a) must be made judiciously with specific reasons, criticizing a standard template response. The Tribunal clarified that the amendments to Section 36(1)(va) and Section 43B introduced by the Finance Act, 2021, are prospective from A.Y. 2021-22 onwards, allowing deductions for contributions made before the income tax return due date. The Tribunal ruled in favor of the assessee, deleting the adjustments made under Section 143(1) and emphasizing the continued application of previous judicial precedents. Case-Laws Income Tax Thu, 19 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423383