https://www.taxtmi.com/caselaws?id=416174 The Tribunal allowed the appeal, ruling that the amendments to sections 36(1)(va) and 43B by Finance Act, 2021, are not retrospective. Consequently, for the assessment year 2018-2019, the assessee can claim a deduction for employees' contribution to PF and ESI if paid before the due date of filing the return under section 139(1). The disallowance by the Assessing Officer was overturned, aligning with the Karnataka High Court's precedent in Essae Teraoka Pvt. Ltd Vs. DCIT and other Tribunal decisions. The decision was issued on 16th December 2021. en-us Thu, 16 Dec 2021 00:00:00 +0530 Wed, 22 Dec 2021 07:51:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416174 The Tribunal allowed the appeal, ruling that the amendments to sections 36(1)(va) and 43B by Finance Act, 2021, are not retrospective. Consequently, for the assessment year 2018-2019, the assessee can claim a deduction for employees' contribution to PF and ESI if paid before the due date of filing the return under section 139(1). The disallowance by the Assessing Officer was overturned, aligning with the Karnataka High Court's precedent in Essae Teraoka Pvt. Ltd Vs. DCIT and other Tribunal decisions. The decision was issued on 16th December 2021. Case-Laws Income Tax Thu, 16 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416174