https://www.taxtmi.com/caselaws?id=60016 The Tribunal allowed the appeal, holding that PF and ESI contributions were not disallowable under Section 43B of the IT Act if paid before the due date for income return filing. The retrospective effect of the Finance Act, 2003, was applied, benefiting the assessee. Reassessment proceedings under Section 147 were deemed invalid as they were based on a change of opinion, leading to the additions being unsustainable. The Tribunal directed the AO to allow the assessee's claims and set aside previous orders. en-us Wed, 21 Jul 2004 00:00:00 +0530 Mon, 03 Jan 2011 12:51:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60016 The Tribunal allowed the appeal, holding that PF and ESI contributions were not disallowable under Section 43B of the IT Act if paid before the due date for income return filing. The retrospective effect of the Finance Act, 2003, was applied, benefiting the assessee. Reassessment proceedings under Section 147 were deemed invalid as they were based on a change of opinion, leading to the additions being unsustainable. The Tribunal directed the AO to allow the assessee's claims and set aside previous orders. Case-Laws Income Tax Wed, 21 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60016