https://www.taxtmi.com/caselaws?id=756653 NPS contributions paid before the return-filing due date were held not liable to disallowance in section 143(1) processing where the governing pension framework prescribes no separate remittance deadline. The Tribunal treated the payment as allowable under section 43B(b) and held that the CPC could not disregard the assessee's explanation while making the adjustment. It also noted that the PFRDA framework supports the distinct treatment of National Pension System payments from employees' contribution disallowance under section 36(1)(va). The return-processing adjustment was therefore deleted. en-us Tue, 30 Jul 2024 00:00:00 +0530 Wed, 07 Aug 2024 06:44:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756653 NPS contributions paid before the return-filing due date were held not liable to disallowance in section 143(1) processing where the governing pension framework prescribes no separate remittance deadline. The Tribunal treated the payment as allowable under section 43B(b) and held that the CPC could not disregard the assessee's explanation while making the adjustment. It also noted that the PFRDA framework supports the distinct treatment of National Pension System payments from employees' contribution disallowance under section 36(1)(va). The return-processing adjustment was therefore deleted. Case-Laws Income Tax Tue, 30 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756653