Amended provisions of section 43B & 36(1)(va) not applicable for AY 2018-19

N.R. Kumaraswamy Vs Asst. Director Income Tax CPC (ITAT Bangalore)

ITAT held that amended provisions of section 43B as well as 36(1)(va) of the I.T. Act are not applicable for the assessment year 2018-19. By following the binding decision of the Hon’ble jurisdictional High Court in the case of Essae Teraoka Pvt. Ltd Vs. DCIT (supra), the employees’ contribution paid by the assessee before the due date of filing of return of income u/s 139(1) of the I.T. Act is an allowable deduction. Accordingly, we decide this

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