https://www.taxtmi.com/caselaws?id=428596 The Tribunal ruled in favor of the assessee, allowing deductions for employees' contributions to PF and ESI if paid before the due date of filing the income tax return. The disallowance made by the Assessing Officer based on the amendments brought in by the Finance Act, 2021, was rejected, emphasizing that the amendments are prospective and not retrospective. Previous judgments and tribunal decisions supported this interpretation, leading to the allowance of deductions and the deletion of the disallowance for the assessee. en-us Tue, 20 Sep 2022 00:00:00 +0530 Tue, 04 Oct 2022 17:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428596 The Tribunal ruled in favor of the assessee, allowing deductions for employees' contributions to PF and ESI if paid before the due date of filing the income tax return. The disallowance made by the Assessing Officer based on the amendments brought in by the Finance Act, 2021, was rejected, emphasizing that the amendments are prospective and not retrospective. Previous judgments and tribunal decisions supported this interpretation, leading to the allowance of deductions and the deletion of the disallowance for the assessee. Case-Laws Income Tax Tue, 20 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428596