2022 (10) TMI 293

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....ER R. S. SYAL , VP : This appeal by the assessee is directed against the order passed by the National Faceless Appeal Centre (NFAC), Delhi on 15-09-2021 in relation to the assessment year 2019-20. 2. The only issue raised in this appeal is against the confirmation of disallowance of Rs.19,38,839/- made by the Assessing Officer (AO) u/s.36(1)(va) of the Act on account of late deposit of the E....

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....ear under consideration. This fact has been acknowledged in the assessment order. The issue of disallowance in such circumstances is no more res integra in view of several judgments allowing deduction u/s 36(1)(va) of employees' share of contribution deposited after due date under the respective Acts but before the date prescribed u/s 139 of the Act. The Hon'ble Himachal Pradesh High Court in CIT ....

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....ng the provisions of the Finance Bill, 2021, provides that this amendment will take effect from 1st April, 2021 and will, accordingly apply in relation to assessment year 2021-2022 and subsequent assessment years. Since the assessment year under consideration is 2019-20, which is anterior to the amendment carried out with effect from A.Y. 2021-22, we hold that the position of law as settled by var....