Amendment to Sec 36(1)(Va) & 43B by Finance Act, 2021 not applicable to AY 2019-20

Sattva Media and Consulting Pvt. Ltd Vs DCIT (ITAT Bangalore) Introduction: Sattva Media and Consulting Pvt. Ltd. contested a tax dispute against DCIT (ITAT Bangalore) concerning the disallowance of employees’ contribution to provident fund and ESI. The order, dated 23.12.2021, prompted the appeal by Sattva Media. Detailed Analysis: The crux of the matter lies in the disallowance of Rs. 94,49,275 concerning the employees’ contribution to PF and ESI. The dispute arose from the contention that the payment wasn’t remitted within the specified due dates under respective Acts. Sat...