{"id":20490,"date":"2021-07-21T19:49:41","date_gmt":"2021-07-21T14:19:41","guid":{"rendered":"https:\/\/itatonline.org\/digest\/salzgitter-hydraulics-p-ltd-v-ito-2021-128-taxmann-com-192-hyd-trib\/"},"modified":"2021-07-21T19:49:41","modified_gmt":"2021-07-21T14:19:41","slug":"salzgitter-hydraulics-p-ltd-v-ito-2021-128-taxmann-com-192-hyd-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/salzgitter-hydraulics-p-ltd-v-ito-2021-128-taxmann-com-192-hyd-trib\/","title":{"rendered":"Salzgitter Hydraulics (P.) Ltd v. ITO ( 2021) 128 taxmann.com 192 ( Hyd) ( Trib)"},"content":{"rendered":"<p>Assessee deposited ESI\/PF contribution received from employees has been before due date of filing section 139(1) return but after due date prescribed in corresponding statutes. \u00a0Assessing Officer added said amount to income of assessee as per provisions of section 36(1)(<em>va<\/em>) of the Act . On appeal the Tribunal held that \u00a0since legislature has not only incorporated necessary amendments in section 36(1)(<em>va<\/em>) as well as 43B\u00a0<em>vide\u00a0<\/em>Finance Act, 2021 to this effect but also CBDT has issued Memorandum of Explanation that same applies w.e.f. 1-4-2021 only, therefore, impugned disallowance for assessment year 2019-20 is not sustainable.\u00a0 \u00a0(AY. 2019 -20 )<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.43B: Deductions on actual payment &#8211;   Amendment by Finance Act , 2021 disallowance employee\u2019s contribution to ESI\/PF is applicable prospectively [ S. 36 (1)  (va), 139 (1) ]  <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-20490","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-5ku","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=20490"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20490\/revisions"}],"predecessor-version":[{"id":20491,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20490\/revisions\/20491"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=20490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=20490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=20490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}