https://www.taxtmi.com/caselaws?id=465369 The dominant issue was whether employees' PF/ESI contributions paid after the due dates under the respective welfare statutes but before the due date for filing the return under s.139(1) are deductible and whether the Finance Act, 2021 amendments to ss.36(1)(va) and 43B apply retrospectively. Relying on the Karnataka HC ruling that such employees' contributions are also covered by s.43B if paid by the s.139(1) due date, the Tribunal held the deduction allowable and directed deletion of the disallowance under s.36(1)(va). It further held that the 2021 amendments operate prospectively from 01.04.2021, as they create liability and the memorandum indicates prospective application. en-us Tue, 14 Jun 2022 00:00:00 +0530 Thu, 18 Dec 2025 11:31:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465369 The dominant issue was whether employees' PF/ESI contributions paid after the due dates under the respective welfare statutes but before the due date for filing the return under s.139(1) are deductible and whether the Finance Act, 2021 amendments to ss.36(1)(va) and 43B apply retrospectively. Relying on the Karnataka HC ruling that such employees' contributions are also covered by s.43B if paid by the s.139(1) due date, the Tribunal held the deduction allowable and directed deletion of the disallowance under s.36(1)(va). It further held that the 2021 amendments operate prospectively from 01.04.2021, as they create liability and the memorandum indicates prospective application. Case-Laws Income Tax Tue, 14 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465369