https://www.taxtmi.com/caselaws?id=418092 The ITAT BANGALORE allowed the appeal of the assessee, ruling against the addition made by the Assessing Officer concerning employees' share of contribution to ESI. The Tribunal held that the amendments to section 36(1)(va) and 43B of the Income Tax Act were prospective from 01.04.2021, leading to the deletion of the impugned additions. The decision emphasized the distinction between employees' and employer's contributions, granting relief to the assessee based on the law's interpretation and relevant judicial precedents. en-us Mon, 07 Feb 2022 00:00:00 +0530 Tue, 08 Feb 2022 06:55:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418092 The ITAT BANGALORE allowed the appeal of the assessee, ruling against the addition made by the Assessing Officer concerning employees' share of contribution to ESI. The Tribunal held that the amendments to section 36(1)(va) and 43B of the Income Tax Act were prospective from 01.04.2021, leading to the deletion of the impugned additions. The decision emphasized the distinction between employees' and employer's contributions, granting relief to the assessee based on the law's interpretation and relevant judicial precedents. Case-Laws Income Tax Mon, 07 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418092