https://www.taxtmi.com/caselaws?id=69394 The Tribunal allowed the appeal, determining that the amendment to section 43B by the Finance Act, 2003, was curative and retrospective. Consequently, the assessee's payment of Provident Fund contributions before the due date for filing the return of income was deductible. This decision aligns with the legislative intent to alleviate taxpayer hardship and ensure statutory liabilities are deductible upon actual payment. The Tribunal's ruling sets a precedent for similar cases, emphasizing the retrospective application of the 2003 amendment. en-us Thu, 16 Mar 2006 00:00:00 +0530 Fri, 15 Mar 2024 15:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69394 The Tribunal allowed the appeal, determining that the amendment to section 43B by the Finance Act, 2003, was curative and retrospective. Consequently, the assessee's payment of Provident Fund contributions before the due date for filing the return of income was deductible. This decision aligns with the legislative intent to alleviate taxpayer hardship and ensure statutory liabilities are deductible upon actual payment. The Tribunal's ruling sets a precedent for similar cases, emphasizing the retrospective application of the 2003 amendment. Case-Laws Income Tax Thu, 16 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69394