Crescent Road ways Pvt. Ltd. v. ITO (2021) BCAJ-August-P. 49 (Hyd.)(Trib.)

S. 36(1)(va) : Any sum received from employees-Provident fund-ESI-Paid before due date of filing of return-Allowable as deduction-Amendments of Finance Act, 2021 to section 43B and 36(1)(va) apply prospectively. [S. 43B]

Tribunal held that legislative amendments in section 36(1)(va) and 43B by the Finance  Act 2021 are prospective in application and are applicable w.e.f. 1st April 2021.  Accordingly the Provident fund, ESI which was paid before due date of filing of return is allowable as deduction.  (dt. 1-7-2021) (AY. 2015-16)