https://www.taxtmi.com/caselaws?id=417468 The appeals by the assessee regarding the disallowance of Employees' contribution to PF & ESI not credited before the due date of payment under respective Acts for the assessment years 2017-18 & 2018-19 were allowed. The Finance Act, 2021 amendments to Section 36(1)(va) r.w.s. 43B of the Income Tax Act were deemed prospective, impacting the applicability for the assessment year 2018-19 and subsequent years. The judgment emphasized the need for unambiguous tax laws and concluded that the amended provisions would apply from the assessment year 2021-22 onwards. en-us Wed, 12 Jan 2022 00:00:00 +0530 Mon, 24 Jan 2022 08:51:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417468 The appeals by the assessee regarding the disallowance of Employees' contribution to PF & ESI not credited before the due date of payment under respective Acts for the assessment years 2017-18 & 2018-19 were allowed. The Finance Act, 2021 amendments to Section 36(1)(va) r.w.s. 43B of the Income Tax Act were deemed prospective, impacting the applicability for the assessment year 2018-19 and subsequent years. The judgment emphasized the need for unambiguous tax laws and concluded that the amended provisions would apply from the assessment year 2021-22 onwards. Case-Laws Income Tax Wed, 12 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417468