ITAT Exceeded Jurisdiction in Recalling Order Based on Later SC Ruling

Vaibhav Maruti Dombale Vs Assistant Registrar (Bombay High Court) In Vaibhav Maruti Dombale v. Assistant Registrar, ITAT (Bombay High Court, 2025), the assessee filed its return for AY 2019–20, claiming deduction of employees’ PF and ESI contributions under Sections 36(1)(va) read with 43B of the Income Tax Act. The Centralized Processing Centre (CPC) disallowed the claim under Section 143(1)(a), and the CIT(A) upheld the addition relying on Explanation 5 to Section 43B, inserted by Finance Act 2021. On appeal, the ITAT allowed the assessee’s claim, holding the amendment as prospective, ...