https://www.taxtmi.com/caselaws?id=308606 The Tribunal allowed the appeal of the assessee, ruling that employees' contributions to Provident Fund (PF) and Employees' State Insurance (ESI) remitted before the due date for filing income tax returns under section 139(1) are deductible. The Tribunal found the adjustments made by the Central Processing Centre (CPC) under section 143(1)(a) unjustified, emphasizing that the CPC must adhere to binding judicial precedents and provide specific reasons for rejecting objections. The Tribunal also clarified that amendments to Section 36(1)(va) by the Finance Act 2021 are prospective and do not apply to the assessment year in question. en-us Thu, 19 May 2022 00:00:00 +0530 Thu, 19 Dec 2024 13:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308606 The Tribunal allowed the appeal of the assessee, ruling that employees' contributions to Provident Fund (PF) and Employees' State Insurance (ESI) remitted before the due date for filing income tax returns under section 139(1) are deductible. The Tribunal found the adjustments made by the Central Processing Centre (CPC) under section 143(1)(a) unjustified, emphasizing that the CPC must adhere to binding judicial precedents and provide specific reasons for rejecting objections. The Tribunal also clarified that amendments to Section 36(1)(va) by the Finance Act 2021 are prospective and do not apply to the assessment year in question. Case-Laws Income Tax Thu, 19 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308606