No disallowance in respect of PF/ESI for AY 17-18 if paid within due date of filing return of income

Anand Sweets and Savouries Vs DCIT (ITAT Bangalore)

The ld.DR contention is that as per sec.43B(b) of the Income-tax Act and explanatory notes to Finance Act 1983, that Employees’ Contribution was never intended to be covered by sec. 43B. This has been reiterated and reinforced through Explanation 5 to sec.43B and Explanation 2 to 36(1)(va) inserted by Finance Act 2021. If it was the intention of the legislature expressly made clear in the Finance Act 2021, through the explanatory

Please become a Premium member. If you are already a Premium member, login here to access the full content.