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2003 (10) TMI 11 - DELHI HIGH COURTChallenge to the order passed by the appropriate authority under sub-section (1) of section 269UD – petitioner submit that the provisions of Chapter XX-C of the Act apply only to the agreement for transfer made on or after October 1, 1986, and these provisions would not apply to the case of the petitioner since the agreement in question was dated March 7, 1986 - Held that provisions of Chapter XX-C of the Act shall not apply to the agreement for transfer. That the provisions of Chapter XX-C and rule 48L of the Income-tax Rules would not have retrospective effect as in those cases transfer was complete prior to October 1, 1986, such provisions had no application. - writ petition is accordingly allowed.
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