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2011 (11) TMI 427 - HC - Income TaxEntitlement of benefit of tax exemption for 10 years to assessee who availed the tax benefit of 5 years prior to coming into force of amended provision 10-B – Held that:- If the assessee already availed the benefit under the unamended provision and the 10 consecutive years would fall prior to 01.04.1999, then the assessee would not be entitled to the said benefit. If the said 10 consecutive years from the date of production has not expired, prior to 01.04.1999, for the remaining unexpired period, he would be entitled to the benefit. On the ground that he had the benefit of unamended provision and the 5 years period has expired on the day amended provision came into force, he cannot be denied the benefit – Decided in favor of assessee.
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