https://www.taxtmi.com/caselaws?id=419802 The Tribunal allowed the assessee's appeals against the Orders by CIT(A) for assessment years 2018-19 & 2019-20 regarding the addition of employee's contribution to welfare funds deposited beyond specified due dates but before the due date of filing the return of income. The Tribunal emphasized the need for a decision by the jurisdictional High Court to justify such additions, considering the limited scope of adjustments under section 143(1) and the clarificatory and retrospective nature of the Explanations inserted by the Finance Act, 2021. The Tribunal directed the deletion of the additions, pending any subsequent decision by the High Court. en-us Thu, 10 Mar 2022 00:00:00 +0530 Mon, 21 Mar 2022 08:15:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419802 The Tribunal allowed the assessee's appeals against the Orders by CIT(A) for assessment years 2018-19 & 2019-20 regarding the addition of employee's contribution to welfare funds deposited beyond specified due dates but before the due date of filing the return of income. The Tribunal emphasized the need for a decision by the jurisdictional High Court to justify such additions, considering the limited scope of adjustments under section 143(1) and the clarificatory and retrospective nature of the Explanations inserted by the Finance Act, 2021. The Tribunal directed the deletion of the additions, pending any subsequent decision by the High Court. Case-Laws Income Tax Thu, 10 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419802