TMI Blog2016 (4) TMI 262X X X X Extracts X X X X X X X X Extracts X X X X ..... (4) TMI 242 - GUJARAT HIGH COURT ) and Commissioner of Income Tax, Ahmedabad-IV v. Omprakash R Chaudhary [2015 (2) TMI 150 - GUJARAT HIGH COURT] wherein it has been held that the amendment to section 40(a)(ia) of the Income Tax Act, 1961 by the Finance Act, 2010 has retrospective effect. - Tax Appeal No. 286 of 2016 - - - Dated:- 29-3-2016 - Harsha Devani And G. R. Udhwani, JJ. For the App ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... thus, contravening the provision of section 40(a)(ia) of the Act as applicable in Assessment Year 2005-06? [B] Whether on the facts and the circumstances of the case and in law, the Hon ble ITAT is justified in holding that the decision of the Hon ble Jurisdictional High Court in the case of cit Vs. J.K. Construction Co reported in [2014] 361 ITR 181 (Guj) is squarely applicable to the facts ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... en held that the amendment to section 40(a)(ia) of the Income Tax Act, 1961 by the Finance Act, 2010 has retrospective effect. Under the circumstances, it is not necessary to set out the facts and contentions in detail. 5. For the reasons recorded in the above referred decisions, it is not possible to state that the impugned order passed by the Tribunal gives rise to any question of law, much l ..... X X X X Extracts X X X X X X X X Extracts X X X X
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