https://www.taxtmi.com/caselaws?id=427545 The Tribunal ruled in favor of the appellant, ordering the deletion of the disallowance related to ESI/PF contributions under section 36(1)(va) of the Income Tax Act, 1961. The Tribunal considered the legislative amendments introduced by the Finance Act, 2021 as prospective and not applicable retrospectively, in line with the CBDT Circular No. 22/2015. The decision aligned with a similar judgment of the jurisdictional High Court and clarified that the changes applied from 1.4.2021 onwards. en-us Thu, 04 Aug 2022 00:00:00 +0530 Sat, 10 Sep 2022 09:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427545 The Tribunal ruled in favor of the appellant, ordering the deletion of the disallowance related to ESI/PF contributions under section 36(1)(va) of the Income Tax Act, 1961. The Tribunal considered the legislative amendments introduced by the Finance Act, 2021 as prospective and not applicable retrospectively, in line with the CBDT Circular No. 22/2015. The decision aligned with a similar judgment of the jurisdictional High Court and clarified that the changes applied from 1.4.2021 onwards. Case-Laws Income Tax Thu, 04 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427545