https://www.taxtmi.com/caselaws?id=760202 The ITAT Ahmedabad allowed the assessee's appeal regarding disallowance of employees' contribution to National Pension Scheme (NPS) under section 36(1)(va). The AO had disallowed the amount claiming late remittance beyond prescribed dates under PFRDA Act, 2013. The ITAT held that no due date was prescribed in PFRDA Act, 2013 for NPS payments, and all payments were made before filing return under section 139(1). Following the precedent in Adani Petronet case, the ITAT ruled the adjustment unjustified and treated the amount as allowable under Section 43B(b), noting that NPS Rules, 2021 apply only to government servants, not the general public. en-us Mon, 14 Oct 2024 00:00:00 +0530 Thu, 17 Oct 2024 10:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760202 The ITAT Ahmedabad allowed the assessee's appeal regarding disallowance of employees' contribution to National Pension Scheme (NPS) under section 36(1)(va). The AO had disallowed the amount claiming late remittance beyond prescribed dates under PFRDA Act, 2013. The ITAT held that no due date was prescribed in PFRDA Act, 2013 for NPS payments, and all payments were made before filing return under section 139(1). Following the precedent in Adani Petronet case, the ITAT ruled the adjustment unjustified and treated the amount as allowable under Section 43B(b), noting that NPS Rules, 2021 apply only to government servants, not the general public. Case-Laws Income Tax Mon, 14 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760202