Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2018 (1) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (1) TMI 700 - AT - Income TaxDisallowance u/s 40(a)(ia) - whether section 40(a)(ia) amended by the Finance Act, 2010 with effect from 01.04.2010 is retrospective from 01.04.2005 or prospective from the date specified? - Held that:- As decided in VIRGIN CREATION case [2011 (11) TMI 348 - CALCUTTA HIGH COURT] Supreme Court in case of Allied Motors Pvt. Ltd. Vs CIT(1997 (3) TMI 9 - Supreme Court) and in case of CIT vs Alom Extrusions Ltd.(2009 (11) TMI 27 - Supreme Court) has already decided that the aforesaid provision has retrospective application. - Decided against revenue
|