https://www.taxtmi.com/caselaws?id=425116 The Appellate Tribunal ITAT Delhi upheld the decision of the CIT(A) in favor of the assessee, dismissing the revenue's appeal challenging the reversal of disallowance under Section 36(1)(va) of the Income Tax Act. The Tribunal clarified the applicability of amendments from the Finance Act, 2021, emphasizing they were effective from 01.04.2021 onwards. It confirmed that the assessee, by depositing contributions within the time allowed under Section 43B, was entitled to deduction under Section 36(1)(va). Relying on legal precedents and comparisons with relevant cases, the Tribunal concluded there was no error in the decision and dismissed the appeal. en-us Wed, 06 Jul 2022 00:00:00 +0530 Sat, 16 Jul 2022 09:21:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425116 The Appellate Tribunal ITAT Delhi upheld the decision of the CIT(A) in favor of the assessee, dismissing the revenue's appeal challenging the reversal of disallowance under Section 36(1)(va) of the Income Tax Act. The Tribunal clarified the applicability of amendments from the Finance Act, 2021, emphasizing they were effective from 01.04.2021 onwards. It confirmed that the assessee, by depositing contributions within the time allowed under Section 43B, was entitled to deduction under Section 36(1)(va). Relying on legal precedents and comparisons with relevant cases, the Tribunal concluded there was no error in the decision and dismissed the appeal. Case-Laws Income Tax Wed, 06 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425116