https://www.taxtmi.com/caselaws?id=429847 The Tribunal allowed the appeal, setting aside the CIT(A)'s order, stating that adjustments under section 143(1)(a) were not sustainable. The Tribunal held that the Assessing Officer and CIT(A) erred in applying amended provisions of section 36(1)(va) and section 43B, which were prospective from the assessment year 2022-23. The Tribunal emphasized the duty to follow decisions of the jurisdictional High Court and found merit in the assessee's grounds, ultimately ruling in favor of the assessee on the issues raised. en-us Fri, 07 Oct 2022 00:00:00 +0530 Sat, 05 Nov 2022 12:09:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429847 The Tribunal allowed the appeal, setting aside the CIT(A)'s order, stating that adjustments under section 143(1)(a) were not sustainable. The Tribunal held that the Assessing Officer and CIT(A) erred in applying amended provisions of section 36(1)(va) and section 43B, which were prospective from the assessment year 2022-23. The Tribunal emphasized the duty to follow decisions of the jurisdictional High Court and found merit in the assessee's grounds, ultimately ruling in favor of the assessee on the issues raised. Case-Laws Income Tax Fri, 07 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429847