https://www.taxtmi.com/caselaws?id=459824 For assessment years before the Finance Act, 2021 amendment, employees' contribution to EPF and ESI deposited after the due date under the welfare laws but before the return filing due date under Section 139(1) of the Income-tax Act, 1961 was not liable to disallowance. The Tribunal applied the then-prevailing High Court view and treated the amendment inserting Explanation 2 to Section 36(1)(va) as prospective from assessment year 2021-22. The disallowance was therefore deleted in favour of the assessee. en-us Wed, 22 Jun 2022 00:00:00 +0530 Mon, 30 Dec 2024 19:58:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459824 For assessment years before the Finance Act, 2021 amendment, employees' contribution to EPF and ESI deposited after the due date under the welfare laws but before the return filing due date under Section 139(1) of the Income-tax Act, 1961 was not liable to disallowance. The Tribunal applied the then-prevailing High Court view and treated the amendment inserting Explanation 2 to Section 36(1)(va) as prospective from assessment year 2021-22. The disallowance was therefore deleted in favour of the assessee. Case-Laws Income Tax Wed, 22 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459824