Held that deduction in respect of employees contribution towards PF & ESI would be allowable to assessee-employer even if same was paid after the due date specified under respective acts but before the due date of filing of return. Amendment to provisions of sections 36(1)(va) and 43B vide Finance Act, 2021 were applicable prospectively in relation to assessment year 2021-22 and subsequent years. (AY. 2018-19, 2019-20)
Sandeep Kumar Agarwal. (2022) 97 ITR 613 / 195 ITD 457 (Delhi) (Trib.) Shivganga Drillers (P.) Ltd. v. CPC, Income-tax, Bangalore (2022) 195 ITD 555 (Indore) (Trib.) Chintoo Creations v. Dy. CIT (2022) 195 ITD 192 (Delhi)(Trib) Titanic Steel Industries (P) Ltd. v. Dy. CIT (2022) 195 ITD 90 (Chd.)(Trib.) Sundaram BNP Paribas Home Finance Ltd. v. DCIT (2022) 196 ITD 198 (Chennai)(Trib.) Coronation Cigar Co. v. DCIT (2022) 196 ITD 498 (Mum.)(Trib.) DCIT v. Maharashtra State Security Corporation. (2022) 196 ITD 653 (Mum.)(Trib.) K A Hospitality (P.) Ltd. v. ITD (2022) 197 ITD 114 (Mum.) (Trib.) Mehra Eyetech (P.) Ltd. v. ACIT (2022) 197 ITD 124 (Mum.) (Trib.) Jasbir Singh Kaberwal v. ACIT (2022) 197 ITD 299 (Mum.)(Trib.) JSW Cement Ltd. v. ACIT. DCIT (2022) 197 ITD 380 / 220 TTJ 48 /217 DTR 385 (Mum.)(Trib.) Mahesh D. Saini v. ITO (2022) 197 ITD 513 (Mum.)(Trib.) DCIT v. Team HR GSA (P.) Ltd. (2022) 197 ITD 580 (Mum.)(Trib.) Legacy Global Projects (P.) Ltd. v. ADIT (2022) 197 ITD 655 / 100 ITR 9 (SN) (Bang.)(Trib.)
S. 43B : Deductions on actual payment-Employees contribution towards PF & ESI-Paid before due date filing of return-Allowable as a deduction-Amendment to provisions of sections 36(1)(va) and 43B vide Finance Act, 2021 were applicable prospectively in relation to the assessment year 2021-22 and subsequent years. [S. 2(24)(x), 36(1)(va), 139(1), 143(1)(a)(iv)]