ITAT Jabalpur Judgments — November 2021

The Tribunal held that the disallowance made under Section 143(1)/154 was not permissible as it involved debatable issues. It further clarified that Section 36(1)(va) and Section 43B operate in different fields and that the Explanations inserted by the Finance Act, 2021, were prospective.

The Tribunal held that the disallowance made under Section 143(1)/154 was not permissible as it involved debatable issues. It further held that the Explanations inserted in 2021, though clarificatory, were prospective and did not apply to the assessment years in question.