https://www.taxtmi.com/caselaws?id=427514 The Tribunal allowed both appeals filed by the assessee, condoning the delay in filing the appeals and directing the AO to vacate the disallowance of the employee's share of contributions towards PF and ESI. The Tribunal held that contributions deposited before the due date of filing the return are not disallowable under Section 43B. The amendments by the Finance Act, 2021, were found to be applicable prospectively from AY 2021-22, thus not affecting the assessment years in question. en-us Wed, 24 Aug 2022 00:00:00 +0530 Fri, 09 Sep 2022 12:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427514 The Tribunal allowed both appeals filed by the assessee, condoning the delay in filing the appeals and directing the AO to vacate the disallowance of the employee's share of contributions towards PF and ESI. The Tribunal held that contributions deposited before the due date of filing the return are not disallowable under Section 43B. The amendments by the Finance Act, 2021, were found to be applicable prospectively from AY 2021-22, thus not affecting the assessment years in question. Case-Laws Income Tax Wed, 24 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427514