https://www.taxtmi.com/caselaws?id=428834 The Tribunal allowed both appeals, directing the Assessing Officer to delete the additions made under section 36(1)(va) of the Income-tax Act for the assessees. The decision was based on precedents emphasizing the deductibility of employees' contributions to Provident Fund and ESIC when paid before the due date for filing income tax returns. The Tribunal highlighted the prospective application of the Finance Act 2021 amendment and the significance of timely payments in determining deductibility. en-us Mon, 26 Sep 2022 00:00:00 +0530 Tue, 11 Oct 2022 12:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428834 The Tribunal allowed both appeals, directing the Assessing Officer to delete the additions made under section 36(1)(va) of the Income-tax Act for the assessees. The decision was based on precedents emphasizing the deductibility of employees' contributions to Provident Fund and ESIC when paid before the due date for filing income tax returns. The Tribunal highlighted the prospective application of the Finance Act 2021 amendment and the significance of timely payments in determining deductibility. Case-Laws Income Tax Mon, 26 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428834