https://www.taxtmi.com/caselaws?id=303431 The ITAT Kolkata held that assessees are entitled to deduction of employees' contribution paid before the due date of filing the return. The Tribunal ruled that the amendment disallowing contributions made after the due date should be applied prospectively from April 1, 2021. It emphasized that if contributions are paid before the due date, deductions can be claimed. The ITAT directed the Assessing Officer to verify payment dates in some cases and allowed most appeals in favor of the assessees, clarifying the criteria for claiming deductions in line with legislative amendments and judicial precedents. en-us Wed, 09 Mar 2022 00:00:00 +0530 Fri, 22 Jul 2022 09:15:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303431 The ITAT Kolkata held that assessees are entitled to deduction of employees' contribution paid before the due date of filing the return. The Tribunal ruled that the amendment disallowing contributions made after the due date should be applied prospectively from April 1, 2021. It emphasized that if contributions are paid before the due date, deductions can be claimed. The ITAT directed the Assessing Officer to verify payment dates in some cases and allowed most appeals in favor of the assessees, clarifying the criteria for claiming deductions in line with legislative amendments and judicial precedents. Case-Laws Income Tax Wed, 09 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303431