https://www.taxtmi.com/caselaws?id=428414 The Tribunal allowed the assessee's appeal, directing the deletion of the impugned additions related to the Employees' contribution to the Provident Fund and State Insurance Fund for the Assessment Year 2018-19. The Tribunal emphasized the limited scope of adjustment under section 143(1)(a) and the necessity of a decision by the High Court to justify additions. It concluded that the Explanations inserted by the Finance Act, 2021, clarified the issue of employee contributions and were prospective in nature, not retrospective for the relevant year. en-us Tue, 13 Sep 2022 00:00:00 +0530 Fri, 30 Sep 2022 09:37:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428414 The Tribunal allowed the assessee's appeal, directing the deletion of the impugned additions related to the Employees' contribution to the Provident Fund and State Insurance Fund for the Assessment Year 2018-19. The Tribunal emphasized the limited scope of adjustment under section 143(1)(a) and the necessity of a decision by the High Court to justify additions. It concluded that the Explanations inserted by the Finance Act, 2021, clarified the issue of employee contributions and were prospective in nature, not retrospective for the relevant year. Case-Laws Income Tax Tue, 13 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428414