Amendment to Section 36(1)(va) & 43B of Income Tax Act not Retrospective

BI Worldwide India Pvt. Ltd. Vs DCIT (ITAT Bangalore)

Question is whether the amendment to section 36(1)(va) and 43B of the I. T.Act by Finance Act, 2021 is clarificatory and declaratory in nature. The Hon’ble Supreme Court in the recent judgment in the case of M. M. Aqua Technologies Limited v. CIT

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