https://www.taxtmi.com/caselaws?id=304148 The Tribunal ruled in favor of the assessee, holding that the disallowance of ESI/PF contribution under sec. 36(va) and sec. 43B was not sustainable. The Tribunal considered legislative amendments and CBDT clarifications, noting that the Finance Act, 2021 proposed employers' contribution disallowance under sec. 43B, not employees' contribution under sec. 36(va). Despite the Revenue's reliance on case laws, the Tribunal found in favor of the assessee, emphasizing that the amendments applied prospectively from 1.4.2021. As a result, the Tribunal allowed the assessee's appeal and ordered the deletion of the impugned disallowance of Rs. 2,11,750. en-us Tue, 29 Jun 2021 00:00:00 +0530 Sat, 10 Sep 2022 07:01:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304148 The Tribunal ruled in favor of the assessee, holding that the disallowance of ESI/PF contribution under sec. 36(va) and sec. 43B was not sustainable. The Tribunal considered legislative amendments and CBDT clarifications, noting that the Finance Act, 2021 proposed employers' contribution disallowance under sec. 43B, not employees' contribution under sec. 36(va). Despite the Revenue's reliance on case laws, the Tribunal found in favor of the assessee, emphasizing that the amendments applied prospectively from 1.4.2021. As a result, the Tribunal allowed the assessee's appeal and ordered the deletion of the impugned disallowance of Rs. 2,11,750. Case-Laws Income Tax Tue, 29 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304148