https://www.taxtmi.com/caselaws?id=420086 The Tribunal allowed the appeal, directing the deletion of the disallowance of employees' contribution to ESI and PF for the assessment year 2018-19. The Tribunal held that the Finance Act, 2021 amendment introducing Explanation-5 should be applied prospectively from the assessment year 2021-22 onwards. The decision was based on various court rulings, emphasizing the jurisdiction of the Punjab & Haryana High Court and the non-retrospective application of the amendment. en-us Wed, 02 Mar 2022 00:00:00 +0530 Mon, 08 Aug 2022 12:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420086 The Tribunal allowed the appeal, directing the deletion of the disallowance of employees' contribution to ESI and PF for the assessment year 2018-19. The Tribunal held that the Finance Act, 2021 amendment introducing Explanation-5 should be applied prospectively from the assessment year 2021-22 onwards. The decision was based on various court rulings, emphasizing the jurisdiction of the Punjab & Haryana High Court and the non-retrospective application of the amendment. Case-Laws Income Tax Wed, 02 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420086