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2003 (10) TMI 273 - ITAT DELHI-C
Extract:
.......order of CIT under section 12A cannot be given effect to retrospectively even assuming for the sake of argument that such section was applicable. 14. In view of the above discussion, we are unable to uphold the impugned order of CIT under section 12A. Consequently, the impugned order is quashed. 15. In the result, appeal of the assessee is allowed.