https://www.taxtmi.com/caselaws?id=303659 Disallowance of employees' contribution to provident fund and ESI under section 36(1)(va) was examined on the basis of the statutory meaning of "due date" and the effect of the Finance Act, 2021 amendment. The pre-2021 position was treated as lacking an express explanation defining that term, and the prevailing view accepted deduction where the payment was made before filing the return, even if after the welfare-statute due date. The amendment introducing the explanations was taken as effective from 01.04.2021 and not retrospectively clarificatory. On that basis, the disallowance was held unsustainable and the addition was deleted in favour of the assessee. en-us Wed, 30 Mar 2022 00:00:00 +0530 Thu, 04 Aug 2022 08:32:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303659 Disallowance of employees' contribution to provident fund and ESI under section 36(1)(va) was examined on the basis of the statutory meaning of "due date" and the effect of the Finance Act, 2021 amendment. The pre-2021 position was treated as lacking an express explanation defining that term, and the prevailing view accepted deduction where the payment was made before filing the return, even if after the welfare-statute due date. The amendment introducing the explanations was taken as effective from 01.04.2021 and not retrospectively clarificatory. On that basis, the disallowance was held unsustainable and the addition was deleted in favour of the assessee. Case-Laws Income Tax Wed, 30 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303659