Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2008 (5) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2008 (5) TMI 275 - HC - Income TaxNature and effect of amendment to Section 43B – payment of contribution to provident fund - the amendment is made applicable from the assessment year 2004-05 - held that amendment is retrospective - Decision of Allied Motors P. Ltd. v. CIT [2008 -TMI - 5575 - SUPREME Court] followed in which the three judges-Bench of the apex court having considered views of various High Courts on a similar issue relating to deduction of deposits of sales tax under clause (a) of section 43B and Explanation 2 to the said section, has held that the first proviso to section 43B and Explanation 2 if read together make it clear that Explanation 2 is retrospectively applicable
|