https://www.taxtmi.com/caselaws?id=425979 The tribunal allowed the appeal of the assessee regarding the addition under section 43B of the Income Tax Act for the Assessment Year 2018-19. The decision emphasized that the amendments made by the Finance Act, 2021 were not retrospective and did not seek to remove hardship but imposed liabilities. The ruling was based on legislative intent and legal principles, highlighting the distinction between employee's and employer's contributions and clarifying that the amendments should not be applied retrospectively unless expressly stated by the legislature. en-us Mon, 01 Aug 2022 00:00:00 +0530 Fri, 05 Aug 2022 09:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425979 The tribunal allowed the appeal of the assessee regarding the addition under section 43B of the Income Tax Act for the Assessment Year 2018-19. The decision emphasized that the amendments made by the Finance Act, 2021 were not retrospective and did not seek to remove hardship but imposed liabilities. The ruling was based on legislative intent and legal principles, highlighting the distinction between employee's and employer's contributions and clarifying that the amendments should not be applied retrospectively unless expressly stated by the legislature. Case-Laws Income Tax Mon, 01 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425979