Sections 36(1)(va) and 43B amendments applicable prospectively from April 1, 2021

Crescent Roadways Private Limited Vs Dy.CIT (ITAT Hyderabad) The recent ruling by the Income Tax Appellate Tribunal (ITAT) Hyderabad in Crescent Roadways Private Limited v. Dy. CIT sheds light on the contentious issue of income tax additions for delays in remitting employees’ contributions to provident fund (PF) and Employee State Insurance (ESI). This article delves into the details of the case and analyzes the implications of the ITAT’s decision. Detailed Analysis Case Background: Crescent Roadways Private Limited (“the Assessee”) appealed against the Commissioner of...