https://www.taxtmi.com/caselaws?id=423449 The Karnataka High Court allowed the appeal of the assessee in a case concerning the interpretation of Section 36(1)(va) and Section 43B of the Income Tax Act for the Assessment Year 2019-20. The Court held that if the employee's contribution to EPF/ESI is paid before the due date for filing the return, the deduction can be claimed. Additionally, the Court determined that the amendments introduced by the Finance Act, 2021 were prospective and not retrospective, leading to the deletion of the additions made under Section 36(1)(va). en-us Mon, 18 Apr 2022 00:00:00 +0530 Tue, 07 Jun 2022 08:37:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423449 The Karnataka High Court allowed the appeal of the assessee in a case concerning the interpretation of Section 36(1)(va) and Section 43B of the Income Tax Act for the Assessment Year 2019-20. The Court held that if the employee's contribution to EPF/ESI is paid before the due date for filing the return, the deduction can be claimed. Additionally, the Court determined that the amendments introduced by the Finance Act, 2021 were prospective and not retrospective, leading to the deletion of the additions made under Section 36(1)(va). Case-Laws Income Tax Mon, 18 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423449