https://www.taxtmi.com/caselaws?id=308676 The Tribunal allowed the appeals of the assessees by directing the Assessing Officer/CPC to delete the disallowance of employees' contribution to EPF and ESI as the contributions were remitted before the due date for filing the return of income. The Tribunal held that the amendments made by the Finance Act, 2021 to Sections 36(1)(va) and 43B are effective from 1.04.2021 and apply to the assessment year 2021-22 and subsequent years, concluding that no disallowance is warranted for belated payment of employees' contributions. en-us Wed, 15 Jun 2022 00:00:00 +0530 Thu, 13 Jul 2023 07:39:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308676 The Tribunal allowed the appeals of the assessees by directing the Assessing Officer/CPC to delete the disallowance of employees' contribution to EPF and ESI as the contributions were remitted before the due date for filing the return of income. The Tribunal held that the amendments made by the Finance Act, 2021 to Sections 36(1)(va) and 43B are effective from 1.04.2021 and apply to the assessment year 2021-22 and subsequent years, concluding that no disallowance is warranted for belated payment of employees' contributions. Case-Laws Income Tax Wed, 15 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308676