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2013 (6) TMI 188 - HC - Income TaxHead office expenditure - deduction u/s 44A - effect of amendment - review petition - held that:- during Assessment Year 1994-95, Section 44C of the said Act as applicable would be one existing as on 28th June, 1984 and not as existing during the subject assessment year. This is because the preamended Section 44C of the said Act allowed more deduction to head office expenses then the amended Section 44C of the said Act. Consequently, the issue as raised before the Tribunal and this Court would continue to be governed for the subject assessment year by the order of this Court in the matter of Deutsche Bank AG (2003 (7) TMI 6 - BOMBAY High Court). It is clear that the order dated 20th November, 2012 [2013 (6) TMI 200 - BOMBAY HIGH COURT] was passed being conscious of the amendment to Section 44C of the Act. In these circumstances, Review Petition is dismissed with no order as to costs.
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