https://www.taxtmi.com/caselaws?id=417412 The appeal was allowed in favor of the assessee, emphasizing the importance of understanding the legal nuances between employees' and employer's contributions under the Income Tax Act. The Hon'ble Karnataka High Court held that the amendments made by the Finance Act, 2021 were prospective and not retrospective, leading to the deletion of the impugned additions under Section 36(1)(va). The court clarified the distinction between employees' and employer's contributions, highlighting the consequences of non-payment within the prescribed due dates. en-us Tue, 21 Dec 2021 00:00:00 +0530 Sat, 22 Jan 2022 08:48:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417412 The appeal was allowed in favor of the assessee, emphasizing the importance of understanding the legal nuances between employees' and employer's contributions under the Income Tax Act. The Hon'ble Karnataka High Court held that the amendments made by the Finance Act, 2021 were prospective and not retrospective, leading to the deletion of the impugned additions under Section 36(1)(va). The court clarified the distinction between employees' and employer's contributions, highlighting the consequences of non-payment within the prescribed due dates. Case-Laws Income Tax Tue, 21 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417412