https://www.taxtmi.com/caselaws?id=429421 The Tribunal allowed the appellant's appeal, quashing the order under section 263 and restoring the assessment order. The appellant successfully argued that employees' contributions towards ESI and PF, paid before the due date of filing the return, were not subject to disallowance. Citing legal precedents, the Tribunal held that such payments are eligible for deduction. Emphasizing timely payments and adherence to statutory due dates, the Tribunal concluded that the assessment order was not prejudicial to revenue. As a result, the appellant's appeal was allowed, highlighting the importance of meeting payment deadlines for claiming deductions under the Income Tax Act. en-us Mon, 10 Oct 2022 00:00:00 +0530 Thu, 27 Oct 2022 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429421 The Tribunal allowed the appellant's appeal, quashing the order under section 263 and restoring the assessment order. The appellant successfully argued that employees' contributions towards ESI and PF, paid before the due date of filing the return, were not subject to disallowance. Citing legal precedents, the Tribunal held that such payments are eligible for deduction. Emphasizing timely payments and adherence to statutory due dates, the Tribunal concluded that the assessment order was not prejudicial to revenue. As a result, the appellant's appeal was allowed, highlighting the importance of meeting payment deadlines for claiming deductions under the Income Tax Act. Case-Laws Income Tax Mon, 10 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429421