https://www.taxtmi.com/caselaws?id=428552 The Tribunal allowed the appeal filed by the Private Limited company, directing the Assessing Officer to delete the disallowance of employees' contribution to provident fund under section 36(1)(va) for the Assessment Year 2019-20. The Tribunal rejected the Revenue's argument on the applicability of the Finance Act 2021 amendment, citing the effective date as 1st April 2021. Judicial precedents emphasizing timely deposits of provident fund contributions and the treatment of belated payments favored the assessee's position, leading to the Tribunal ruling in favor of the assessee and overturning the denial of deduction by the Assessing Officer. en-us Mon, 26 Sep 2022 00:00:00 +0530 Tue, 04 Oct 2022 08:52:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428552 The Tribunal allowed the appeal filed by the Private Limited company, directing the Assessing Officer to delete the disallowance of employees' contribution to provident fund under section 36(1)(va) for the Assessment Year 2019-20. The Tribunal rejected the Revenue's argument on the applicability of the Finance Act 2021 amendment, citing the effective date as 1st April 2021. Judicial precedents emphasizing timely deposits of provident fund contributions and the treatment of belated payments favored the assessee's position, leading to the Tribunal ruling in favor of the assessee and overturning the denial of deduction by the Assessing Officer. Case-Laws Income Tax Mon, 26 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428552