https://www.taxtmi.com/caselaws?id=415927 The Tribunal held that the amendments made by the Finance Act, 2021 to sections 36(1)(va) and 43B of the Income Tax Act, 1961 were prospective in nature from 01.04.2021 and not applicable retrospectively. As a result, the additions made under section 36(1)(va) for the Assessment Years 2018-19 and 2019-20 were deleted, allowing the appeals of the assessee and dismissing the stay petitions as infructuous. en-us Fri, 12 Nov 2021 00:00:00 +0530 Fri, 17 Dec 2021 08:53:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415927 The Tribunal held that the amendments made by the Finance Act, 2021 to sections 36(1)(va) and 43B of the Income Tax Act, 1961 were prospective in nature from 01.04.2021 and not applicable retrospectively. As a result, the additions made under section 36(1)(va) for the Assessment Years 2018-19 and 2019-20 were deleted, allowing the appeals of the assessee and dismissing the stay petitions as infructuous. Case-Laws Income Tax Fri, 12 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415927