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2022 (5) TMI 1025 - AT - Income TaxDelayed employees contribution towards PF/ESI - payment made well within the due date of filing of the return - Scope of amendments carried by the Finance Act, 2021 in section 36(i)(va) and 43B - HELD THAT:- As it is seen that unanimously considering the decisions of various High Courts including the jurisdictional High Court it has been held that the amendments were prospective in nature and will kick in from 2020-21 Assessment Year. Accordingly on facts the prayer of the assessee has to be allowed - disallowance sustained in the present appeal by the CIT(A) qua the employees' contribution despite late payment qua the specific Act cannot be made. Admittedly, in the facts of the present case the payment has been made well within the time line as set out under the Income Tax Act u/s.139(1) of the Income Tax Act. Thus, admittedly the return of income was filed well within time after making the specific payments - Decided in favour of assessee.
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