https://www.taxtmi.com/caselaws?id=425455 The Tribunal set aside the CIT(A)'s order, directing the AO to vacate the disallowance of Rs.1,99,167 under Section 36(1)(va). The Tribunal held that the amendments by the Finance Act, 2021, apply prospectively and that delayed payments made before the return due date should not be disallowed. The Tribunal allowed the appeals in favor of the assessee, applying the decision to other similar cases, resulting in all appeals being allowed. en-us Wed, 20 Jul 2022 00:00:00 +0530 Fri, 22 Jul 2022 10:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425455 The Tribunal set aside the CIT(A)'s order, directing the AO to vacate the disallowance of Rs.1,99,167 under Section 36(1)(va). The Tribunal held that the amendments by the Finance Act, 2021, apply prospectively and that delayed payments made before the return due date should not be disallowed. The Tribunal allowed the appeals in favor of the assessee, applying the decision to other similar cases, resulting in all appeals being allowed. Case-Laws Income Tax Wed, 20 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425455