https://www.taxtmi.com/caselaws?id=421389 The Tribunal allowed the appeals against Orders by CIT(A) for assessment years 2017-18 to 2019-20 regarding employee welfare fund contributions. It ruled that the Explanations inserted by the Finance Act, 2021, clarifying the treatment of employee contributions, should not have retrospective effect for years before AY 2021-22. The Tribunal emphasized the need for a decision by the jurisdictional High Court to justify additions, and in the absence of such a decision, the impugned additions were directed to be deleted. The Tribunal's decision favored the assessee, highlighting the importance of High Court decisions and ensuring a fair outcome. en-us Mon, 20 Dec 2021 00:00:00 +0530 Sat, 23 Apr 2022 08:34:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421389 The Tribunal allowed the appeals against Orders by CIT(A) for assessment years 2017-18 to 2019-20 regarding employee welfare fund contributions. It ruled that the Explanations inserted by the Finance Act, 2021, clarifying the treatment of employee contributions, should not have retrospective effect for years before AY 2021-22. The Tribunal emphasized the need for a decision by the jurisdictional High Court to justify additions, and in the absence of such a decision, the impugned additions were directed to be deleted. The Tribunal's decision favored the assessee, highlighting the importance of High Court decisions and ensuring a fair outcome. Case-Laws Income Tax Mon, 20 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421389