https://www.taxtmi.com/caselaws?id=456465 The Tribunal allowed the assessee's appeal, directing the deletion of disallowance for PF and ESIC payments made before the return filing due date. It emphasized interpreting tax laws in favor of the assessee when multiple views exist. The Tribunal also concluded that the amendment to sections 36(1)(va) and 43B by the Finance Act, 2021, should be applied prospectively, aligning with the Delhi HC's interpretation. The AO and CIT(A)'s views were deemed erroneous, favoring the assessee's interpretation. en-us Wed, 17 Aug 2022 00:00:00 +0530 Sat, 27 Jul 2024 07:29:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456465 The Tribunal allowed the assessee's appeal, directing the deletion of disallowance for PF and ESIC payments made before the return filing due date. It emphasized interpreting tax laws in favor of the assessee when multiple views exist. The Tribunal also concluded that the amendment to sections 36(1)(va) and 43B by the Finance Act, 2021, should be applied prospectively, aligning with the Delhi HC's interpretation. The AO and CIT(A)'s views were deemed erroneous, favoring the assessee's interpretation. Case-Laws Income Tax Wed, 17 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456465