https://www.taxtmi.com/caselaws?id=456444 ITAT Indore allowed deduction for employee PF/ESI contributions paid after statutory due dates but within time limit prescribed under section 43B (up to return filing due date under section 139(1)). Despite divergent HC views on the issue and absence of jurisdictional MP HC precedent, tribunal applied Supreme Court principle from Vegetable Products Ltd favoring assessee-friendly interpretation when two reasonable constructions exist. Tribunal noted Finance Act 2021 amendments were prospective from April 1, 2021. AO and CIT(A) disallowance under section 36(1)(va) was deleted, deciding in favor of assessee. en-us Fri, 08 Apr 2022 00:00:00 +0530 Thu, 25 Jul 2024 20:02:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456444 ITAT Indore allowed deduction for employee PF/ESI contributions paid after statutory due dates but within time limit prescribed under section 43B (up to return filing due date under section 139(1)). Despite divergent HC views on the issue and absence of jurisdictional MP HC precedent, tribunal applied Supreme Court principle from Vegetable Products Ltd favoring assessee-friendly interpretation when two reasonable constructions exist. Tribunal noted Finance Act 2021 amendments were prospective from April 1, 2021. AO and CIT(A) disallowance under section 36(1)(va) was deleted, deciding in favor of assessee. Case-Laws Income Tax Fri, 08 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456444