https://www.taxtmi.com/caselaws?id=421607 The Tribunal allowed the appeal, ruling that the disallowance of Rs. 12,84,590/- was unwarranted as the contributions were made before the due date of filing the return of income under Section 139(1). The Tribunal held that the amendments to Section 36(1)(va) and Section 43B introduced by the Finance Act, 2021, are prospective and apply from the assessment year 2021-22 onwards, not the year under consideration (2017-18). This decision is in line with established precedents from the Supreme Court and jurisdictional High Courts. en-us Mon, 25 Apr 2022 00:00:00 +0530 Wed, 27 Apr 2022 11:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421607 The Tribunal allowed the appeal, ruling that the disallowance of Rs. 12,84,590/- was unwarranted as the contributions were made before the due date of filing the return of income under Section 139(1). The Tribunal held that the amendments to Section 36(1)(va) and Section 43B introduced by the Finance Act, 2021, are prospective and apply from the assessment year 2021-22 onwards, not the year under consideration (2017-18). This decision is in line with established precedents from the Supreme Court and jurisdictional High Courts. Case-Laws Income Tax Mon, 25 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421607