https://www.taxtmi.com/caselaws?id=426112 The Tribunal allowed the appeal, directing the Assessing Officer to grant deduction for employees' contribution to ESI as payments were made before the due date of filing the return. The Tribunal rejected the retrospective application of the Finance Act, 2021 amendments to section 36(1)(va) and 43B of the Income Tax Act, emphasizing the prospective nature of the amendments from 01.04.2021 onwards and their inapplicability to the relevant assessment year of 2019-2020. en-us Tue, 02 Aug 2022 00:00:00 +0530 Mon, 08 Aug 2022 09:11:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426112 The Tribunal allowed the appeal, directing the Assessing Officer to grant deduction for employees' contribution to ESI as payments were made before the due date of filing the return. The Tribunal rejected the retrospective application of the Finance Act, 2021 amendments to section 36(1)(va) and 43B of the Income Tax Act, emphasizing the prospective nature of the amendments from 01.04.2021 onwards and their inapplicability to the relevant assessment year of 2019-2020. Case-Laws Income Tax Tue, 02 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426112