https://www.taxtmi.com/caselaws?id=425400 The Tribunal allowed the appeals of the assessee(s) for statistical purposes. The issue of disallowance of late payments for PF, ESI, and welfare fund contributions was upheld due to retrospective operation of finance act provisions. However, the additional ground of appeal regarding professional tax deduction was admitted for consideration on merit. The Tribunal directed the Commissioner of Income Tax (Appeals) to decide on this matter in accordance with the law. The application of Section 36(1)(va) to welfare fund deduction was also addressed, emphasizing the need for a decision on merit by the Commissioner. The Tribunal stressed consistency and adherence to judicial precedents throughout the judgment to ensure a fair and reasoned outcome. en-us Wed, 20 Jul 2022 00:00:00 +0530 Fri, 22 Jul 2022 09:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425400 The Tribunal allowed the appeals of the assessee(s) for statistical purposes. The issue of disallowance of late payments for PF, ESI, and welfare fund contributions was upheld due to retrospective operation of finance act provisions. However, the additional ground of appeal regarding professional tax deduction was admitted for consideration on merit. The Tribunal directed the Commissioner of Income Tax (Appeals) to decide on this matter in accordance with the law. The application of Section 36(1)(va) to welfare fund deduction was also addressed, emphasizing the need for a decision on merit by the Commissioner. The Tribunal stressed consistency and adherence to judicial precedents throughout the judgment to ensure a fair and reasoned outcome. Case-Laws Income Tax Wed, 20 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425400