https://www.taxtmi.com/caselaws?id=419842 The Tribunal allowed the appeal of the assessee, directing the deletion of the disallowance of employees' contribution to ESI & PF. Emphasizing the binding nature of jurisdictional High Court rulings, the Tribunal held that the Finance Act, 2021 amendment applies prospectively from 2021-22 onwards and not to the assessment year 2018-19 in question. The decision was based on adherence to the legal position established by the High Courts and Tribunal benches, ensuring compliance with the relevant provisions of the Income Tax Act. en-us Wed, 09 Mar 2022 00:00:00 +0530 Tue, 22 Mar 2022 11:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419842 The Tribunal allowed the appeal of the assessee, directing the deletion of the disallowance of employees' contribution to ESI & PF. Emphasizing the binding nature of jurisdictional High Court rulings, the Tribunal held that the Finance Act, 2021 amendment applies prospectively from 2021-22 onwards and not to the assessment year 2018-19 in question. The decision was based on adherence to the legal position established by the High Courts and Tribunal benches, ensuring compliance with the relevant provisions of the Income Tax Act. Case-Laws Income Tax Wed, 09 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419842