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2004 (1) TMI 61 - HC - Income TaxAmendment inserting sub-section (4B) in section 80HHC through the Finance Act, 1999, with effect from April 1, 1992, namely, the date since when the Central Board of Direct Taxes Circular No. 600 dated May 23, 1991, was made effective.- Vires of the amendment – Held that retrospective operation of sub-section (4B) of section 80HHC introduced by the Finance Act of 1999 with retrospective effect from April 1, 1992, is not violative of article 14 and article 19(1)(g) of the Constitution and is therefore not ultra vires - deduction under section 80HHC is allowed after apportionment on the 40 per cent. component exigible under the Act.
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