https://www.taxtmi.com/caselaws?id=415983 The Tribunal held that the amendments to Section 36(1)(va) and Section 43B by Finance Act, 2021, are not retrospective. It allowed the deduction of employees' contributions to PF and ESI if paid before the due date for filing the return, following the Karnataka High Court's precedent. Consequently, the disallowance was deleted, and the appeals were allowed. The Tribunal directed the Assessing Officer to grant the deduction, ruling that the amendments would apply prospectively from the assessment year 2021-2022 onwards. en-us Wed, 24 Nov 2021 00:00:00 +0530 Sat, 18 Dec 2021 08:46:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415983 The Tribunal held that the amendments to Section 36(1)(va) and Section 43B by Finance Act, 2021, are not retrospective. It allowed the deduction of employees' contributions to PF and ESI if paid before the due date for filing the return, following the Karnataka High Court's precedent. Consequently, the disallowance was deleted, and the appeals were allowed. The Tribunal directed the Assessing Officer to grant the deduction, ruling that the amendments would apply prospectively from the assessment year 2021-2022 onwards. Case-Laws Income Tax Wed, 24 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415983