https://www.taxtmi.com/caselaws?id=300485 The Tribunal allowed the assessee's appeal, ruling that the disallowance under section 36(1)(va) was unsustainable due to the prospective application of amendments introduced by the Finance Act, 2021. The Tribunal emphasized that if the payment is made before filing the return within the specified time, the disallowance cannot be upheld. Relying on jurisdictional High Court decisions, the Tribunal directed the deletion of the disallowance amount, resulting in the appeal being allowed. en-us Tue, 16 Nov 2021 00:00:00 +0530 Fri, 04 Feb 2022 20:37:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300485 The Tribunal allowed the assessee's appeal, ruling that the disallowance under section 36(1)(va) was unsustainable due to the prospective application of amendments introduced by the Finance Act, 2021. The Tribunal emphasized that if the payment is made before filing the return within the specified time, the disallowance cannot be upheld. Relying on jurisdictional High Court decisions, the Tribunal directed the deletion of the disallowance amount, resulting in the appeal being allowed. Case-Laws Income Tax Tue, 16 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300485