https://www.taxtmi.com/caselaws?id=414751 The Tribunal held that the amendment by the Finance Act, 2021, to Sections 36(1)(va) and 43B is prospective and does not apply to the assessment year 2019-2020. The AO was directed to delete the disallowance of Rs. 1,43,030, and the appeal was allowed. The Tribunal distinguished the Supreme Court's judgment in CIT Vs. Gold Coin Health Food Pvt. Ltd. and rejected the Standing Counsel's plea to await the outcome of the SLP filed against the Gujarat High Court judgment. en-us Mon, 08 Nov 2021 00:00:00 +0530 Tue, 16 Nov 2021 09:30:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414751 The Tribunal held that the amendment by the Finance Act, 2021, to Sections 36(1)(va) and 43B is prospective and does not apply to the assessment year 2019-2020. The AO was directed to delete the disallowance of Rs. 1,43,030, and the appeal was allowed. The Tribunal distinguished the Supreme Court's judgment in CIT Vs. Gold Coin Health Food Pvt. Ltd. and rejected the Standing Counsel's plea to await the outcome of the SLP filed against the Gujarat High Court judgment. Case-Laws Income Tax Mon, 08 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414751