https://www.taxtmi.com/caselaws?id=414853 The Tribunal held that the amendment to Sections 36(1)(va) and 43B by Finance Act, 2021, is prospective and not applicable to the assessment year 2018-2019. Consequently, the disallowance of Rs. 3,23,886 was deleted, and the appeal by the assessee was allowed. The Tribunal directed the AO to grant the deduction for employees' contributions to ESI and PF, as the payments were made before the due date for filing the return under Section 139(1). The judgment emphasized the prospective nature of the amendment and the applicability of the existing legal framework for the relevant assessment year. en-us Mon, 08 Nov 2021 00:00:00 +0530 Thu, 18 Nov 2021 07:45:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414853 The Tribunal held that the amendment to Sections 36(1)(va) and 43B by Finance Act, 2021, is prospective and not applicable to the assessment year 2018-2019. Consequently, the disallowance of Rs. 3,23,886 was deleted, and the appeal by the assessee was allowed. The Tribunal directed the AO to grant the deduction for employees' contributions to ESI and PF, as the payments were made before the due date for filing the return under Section 139(1). The judgment emphasized the prospective nature of the amendment and the applicability of the existing legal framework for the relevant assessment year. Case-Laws Income Tax Mon, 08 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414853