https://www.taxtmi.com/caselaws?id=429095 The Tribunal allowed the appeal of the assessee in a case concerning the adjustment made to the return of income due to failure to deposit employees' contribution to PF/ESI before prescribed due dates. The Tribunal held that contributions paid before the due date of filing the return under section 139(1) are allowable as deductions, even if paid after the due dates prescribed under the respective Acts. Citing binding precedents and the pre-amendment assessment year, the Tribunal deleted the disallowance of Rs. 10,04,063/- imposed by the Revenue authorities. en-us Thu, 29 Sep 2022 00:00:00 +0530 Tue, 18 Oct 2022 08:51:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429095 The Tribunal allowed the appeal of the assessee in a case concerning the adjustment made to the return of income due to failure to deposit employees' contribution to PF/ESI before prescribed due dates. The Tribunal held that contributions paid before the due date of filing the return under section 139(1) are allowable as deductions, even if paid after the due dates prescribed under the respective Acts. Citing binding precedents and the pre-amendment assessment year, the Tribunal deleted the disallowance of Rs. 10,04,063/- imposed by the Revenue authorities. Case-Laws Income Tax Thu, 29 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429095