Amendment on Sec.36(1)(va) has a Prospective Effect: ITAT quashes Order of Disallowance [Read Order]

Amendment - prospective effect - ITAT - disallowance - Taxscan

The Raipur bench of the Income Tax Appellate Tribunal ( ITAT ) has held that amendment on Section 36(1)(va) of the Income Tax Act has a prospective effect and quashes the order confirming disallowances of Rs. 18,12,622/- out of employment contribution towards EPF/ESIC. The assessee is a company engaged in the business of manufacturing &…

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