https://www.taxtmi.com/caselaws?id=415146 The Tribunal allowed the appeals, directing the deletion of disallowances concerning employees' contributions to provident and insurance funds made by the employer beyond due dates. It held that adjustments under sections 143(1) and 154 were impermissible for contentious issues and emphasized the prospective application of amendments to sections 36(1)(va) and 43B by the Finance Act, 2021. The Tribunal stressed that these amendments were effective from 01/04/2021 onwards, indicating a prospective application from Assessment Year 2021-22. en-us Thu, 18 Nov 2021 00:00:00 +0530 Thu, 03 Mar 2022 15:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415146 The Tribunal allowed the appeals, directing the deletion of disallowances concerning employees' contributions to provident and insurance funds made by the employer beyond due dates. It held that adjustments under sections 143(1) and 154 were impermissible for contentious issues and emphasized the prospective application of amendments to sections 36(1)(va) and 43B by the Finance Act, 2021. The Tribunal stressed that these amendments were effective from 01/04/2021 onwards, indicating a prospective application from Assessment Year 2021-22. Case-Laws Income Tax Thu, 18 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415146