Disallowance u/s 36(1)(va) for delayed deposit of Employee’s Contribution of EPF not retrospective, to be effective from 1st April 2021.(23.07.2021)

Disallowance u/s 36(1)(va) for delayed deposit of Employee’s Contribution of EPF not retrospective, to be effective from 1^st April 2021. Explanation-5 to section 43B.

[Case Law CIT vs. Vijayshree Ltd.CIT vs. Alom Extrusion Ltd.]