https://www.taxtmi.com/caselaws?id=413735 The Tribunal allowed the appeal, holding that the A.O.'s decision not to disallow employees' contributions under section 36(1)(va) was correct. The Tribunal emphasized that the Finance Act, 2021 amendment was prospective and did not apply to the relevant assessment years. Consequently, the Ld. PCIT's order was quashed for lacking jurisdiction, affirming the A.O.'s stance as aligned with established legal principles. en-us Mon, 04 Oct 2021 00:00:00 +0530 Mon, 18 Oct 2021 09:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413735 The Tribunal allowed the appeal, holding that the A.O.'s decision not to disallow employees' contributions under section 36(1)(va) was correct. The Tribunal emphasized that the Finance Act, 2021 amendment was prospective and did not apply to the relevant assessment years. Consequently, the Ld. PCIT's order was quashed for lacking jurisdiction, affirming the A.O.'s stance as aligned with established legal principles. Case-Laws Income Tax Mon, 04 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413735