https://www.taxtmi.com/caselaws?id=429416 The Tribunal allowed the assessee's appeal, directing the deletion of the impugned addition related to the employee's contribution to welfare funds. The decision was based on the lack of a High Court decision justifying the addition and the proposed prospective nature of the Explanations. The Tribunal emphasized the importance of statutory clarity provided by the Explanations to ensure a consistent application of tax laws. en-us Fri, 30 Sep 2022 00:00:00 +0530 Fri, 28 Oct 2022 09:15:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429416 The Tribunal allowed the assessee's appeal, directing the deletion of the impugned addition related to the employee's contribution to welfare funds. The decision was based on the lack of a High Court decision justifying the addition and the proposed prospective nature of the Explanations. The Tribunal emphasized the importance of statutory clarity provided by the Explanations to ensure a consistent application of tax laws. Case-Laws Income Tax Fri, 30 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429416