https://www.taxtmi.com/caselaws?id=416480 The Tribunal allowed the appeal by the assessee, ruling that the Explanations to sections 36(1)(va) and 43B by Finance Act, 2021 were not retrospective and did not apply to the relevant Assessment Year. The impugned additions related to the employee's contribution to welfare funds were directed to be deleted as they could not have been made under the circumstances. The Tribunal's decision favored the assessee regarding the processing of its return of income under section 143(1) for the Assessment Year 2018-19. en-us Mon, 20 Dec 2021 00:00:00 +0530 Thu, 30 Dec 2021 11:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416480 The Tribunal allowed the appeal by the assessee, ruling that the Explanations to sections 36(1)(va) and 43B by Finance Act, 2021 were not retrospective and did not apply to the relevant Assessment Year. The impugned additions related to the employee's contribution to welfare funds were directed to be deleted as they could not have been made under the circumstances. The Tribunal's decision favored the assessee regarding the processing of its return of income under section 143(1) for the Assessment Year 2018-19. Case-Laws Income Tax Mon, 20 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416480