Court :
High Court
Brief :
Citation :
CIT vs. M/s Sabari Enterprises (Karnataka High Court)
The deletion of the second proviso to s. 43B by the Finance Act 2003
wef 1.4.2004 should be treated as a retrospective amendment and
contributions towards PF and ESI made before the due date of filing
the ROI are allowabale deductions even though they may be beyond the
period stipulated in s 36(1)(va).
Note: This view is contrary to that taken by the Madras High Court in
CIT vs. Synergy Financial Exchange 288 ITR 366.
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