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INCOME TAX APPELLATE TRIBUNAL (DELHI BENCH)
N.K. BILLAIYA, ACM, YOGESH KUMAR U.S, J
Vaco Binary Semantics LLP – Appellant
Versus
The C.I.T(A) – Respondent
| Table of Content |
|---|
| 1. dispute over applicability of amendments in the income tax act regarding employee contributions. (Para 1 , 2 , 3) |
| 2. arguments regarding judicial precedents affecting statutory interpretations. (Para 4 , 5) |
| 3. conclusion and directives for verifying contributions within regulatory timelines. (Para 6 , 7) |
ORDER
PER N.K. BILLAIYA, ACCOUNTANT MEMBER:-
This appeal by the assessee is preferred against the order dated 20.12.2021 by the NFAC, Delhi pertaining to A.Y. 2018-19.
2. The grievances of the assessee read as under:
I. That the Ld. CIT(A) erred both in law and in respect of facts of the case, while dismissing the appeal filed by the Appellant vide its order dated 20.12.2021 bearing order no. TBAINFAC/S/250/2021-2211037938846(1) under section 250 of the Income Tax Act, 1961 (the 'Act') for assessment year 2018- 19 and upholding the order passed by the CPC.
2. That the Ld. CIT(A) failed to appreciate the intent of law and amendments brought in by the Finance Act, 2021 wherein a clarificatory amendment was made in Section 36 and 43B of the Act to address the ambiguity. The amendment was necessary to provide the clarity in relation to allowability of employee contribution
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