Explanation-2 to section 36(1)(va) applicable from AY 2021-22

Adyar Ananda Bhavan Sweets India P Ltd Vs ACIT (ITAT Chennai)

Question arises, whether by the Finance Act, 2021, the provisions of Section 36(1)(va) by inserting the Explanation 2 r.w.s. 43B of the Act have been amended, whereby it is clarified that the provisions of Section 43B of the Act shall not apply and shall be deemed ought to have been applied for the purpose of determining the due date under this clause. This amendment has brought in the statute book to provide certainty about the applicability of provisions of Sect

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