https://www.taxtmi.com/caselaws?id=456532 The Tribunal allowed the appeal, ruling in favor of the Appellant by deleting the disallowance of INR 19,57,906 under Section 36(1)(va) of the Act. It concluded that the contributions to ESIC and PF, deposited before the due date of filing the tax return, should be allowed as deductions. The Tribunal disagreed with the CIT (A)'s reliance on the Finance Act, 2021 amendments, emphasizing that previous judgments supported the Appellant's position. The Tribunal determined that the adjustments did not fall under Section 143(1)(a)(iv) of the Act, thereby allowing the appeal and overturning the disallowance. en-us Thu, 28 Jul 2022 00:00:00 +0530 Wed, 31 Jul 2024 20:21:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456532 The Tribunal allowed the appeal, ruling in favor of the Appellant by deleting the disallowance of INR 19,57,906 under Section 36(1)(va) of the Act. It concluded that the contributions to ESIC and PF, deposited before the due date of filing the tax return, should be allowed as deductions. The Tribunal disagreed with the CIT (A)'s reliance on the Finance Act, 2021 amendments, emphasizing that previous judgments supported the Appellant's position. The Tribunal determined that the adjustments did not fall under Section 143(1)(a)(iv) of the Act, thereby allowing the appeal and overturning the disallowance. Case-Laws Income Tax Thu, 28 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456532