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2014 (8) TMI 808 - HC - Income TaxEffect of amendment to section 40(a)(ia) - Whether amendment to Section 40(a)(ia) of the Income Tax Act brought out by Finance Act, 2010 with effect from 01/04/2010 is having retrospective effect or not – Held that:- Following the decision in COMMISSIONER OF INCOME TAX Versus OMPRAKASH R CHAUDHARY [2014 (2) TMI 120 - GUJARAT HIGH COURT] - in Amendment under Section 40(1)(ia) of the Income Tax Act brought out by Finance Act, 2010 with effect from 01/04/2010 is having retrospective effect – thus no question of law arises for consideration – Decided against Revenue.
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