https://www.taxtmi.com/caselaws?id=424933 The Tribunal allowed the appeal filed by M/s. Neev Infrastructure Pvt. Ltd., setting aside the disallowance of late payments towards Provident Fund, ESIC, and other welfare funds for the assessment year 2017-18. The Tribunal held that the disallowance by the Assessing Officer and the Commissioner of Income Tax (Appeals) was erroneous as the payments were made before the due date of filing the income tax return, in line with relevant case laws. The Tribunal concluded that the retrospective amendment to section 36(1)(va) was not applicable for the assessment year in question, leading to a favorable outcome for the appellant. en-us Thu, 30 Jun 2022 00:00:00 +0530 Mon, 11 Jul 2022 10:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424933 The Tribunal allowed the appeal filed by M/s. Neev Infrastructure Pvt. Ltd., setting aside the disallowance of late payments towards Provident Fund, ESIC, and other welfare funds for the assessment year 2017-18. The Tribunal held that the disallowance by the Assessing Officer and the Commissioner of Income Tax (Appeals) was erroneous as the payments were made before the due date of filing the income tax return, in line with relevant case laws. The Tribunal concluded that the retrospective amendment to section 36(1)(va) was not applicable for the assessment year in question, leading to a favorable outcome for the appellant. Case-Laws Income Tax Thu, 30 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424933