2021 (1) TMI 1356

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....i K.P. Dewani, Advocate. ORDER 1. Heard. 2. Addition of Rs. 597.22 Lacs being value for fringe benefits in respect of expenditure on the welfare of employees by the Assessment Officer and maintained by the Commissioner of Income Tax [Appeals] but reversed by the Income Tax Appeal Tribunal is the subject matter of challenge in this appeal filed at the instance of the Revenue. These fringe b....

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....ts that since the present proceedings pertain to the assessment year 2006-07, the explanation cannot be given retrospective effect. 4. Shri K.P. Dewani, learned counsel for the assessee submits that in the judgment of this Court in Income Tax Appeal No. 40 of 2015 concerning the same assessee, the provisions of National Coal Wage Agreement were taken into consideration and it was held that t....