https://www.taxtmi.com/caselaws?id=301695 The tribunal allowed the appeal of a Private Limited Company, holding that the amendments to section 36(1)(va) and 43B of the Income Tax Act by the Finance Act, 2021 were clarificatory and applied retrospectively. The tribunal emphasized the legal distinction between employees' and employer's contributions, noting consistency in decisions across various tribunals and High Courts. Consequently, the impugned additions under section 36(1)(va) were deemed to be deleted, in line with the assessee's appeal. en-us Thu, 23 Dec 2021 00:00:00 +0530 Sat, 16 Apr 2022 08:10:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301695 The tribunal allowed the appeal of a Private Limited Company, holding that the amendments to section 36(1)(va) and 43B of the Income Tax Act by the Finance Act, 2021 were clarificatory and applied retrospectively. The tribunal emphasized the legal distinction between employees' and employer's contributions, noting consistency in decisions across various tribunals and High Courts. Consequently, the impugned additions under section 36(1)(va) were deemed to be deleted, in line with the assessee's appeal. Case-Laws Income Tax Thu, 23 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301695