https://www.taxtmi.com/caselaws?id=432089 The Tribunal ruled in favor of the assessees in the appeals against the Commissioner of Income Tax (Appeals) orders for assessment years 2018-19 & 2019-20. It held that the additions made by the Revenue regarding the employee's contributions to welfare funds were not justified. The Tribunal emphasized the lack of a decision by the jurisdictional High Court supporting the Revenue's stance and clarified that the Explanations to sections 36(1)(va) and 43B should not be applied retrospectively for the relevant years, resulting in the deletion of the contested additions. en-us Wed, 31 Aug 2022 00:00:00 +0530 Wed, 28 Dec 2022 08:20:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432089 The Tribunal ruled in favor of the assessees in the appeals against the Commissioner of Income Tax (Appeals) orders for assessment years 2018-19 & 2019-20. It held that the additions made by the Revenue regarding the employee's contributions to welfare funds were not justified. The Tribunal emphasized the lack of a decision by the jurisdictional High Court supporting the Revenue's stance and clarified that the Explanations to sections 36(1)(va) and 43B should not be applied retrospectively for the relevant years, resulting in the deletion of the contested additions. Case-Laws Income Tax Wed, 31 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432089