2019 (1) TMI 113

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..... Lakshmi Valli Judgment T.S.SIVAGNANAM, J. We have heard the learned counsel on either side. 2. This appeal, by the Revenue, has been directed against the order passed by the Income Tax Appellate Tribunal 'A' Bench, Chennai dated 25.8.2006 passed in I.T.(SS).A.No.97/Mds/2004 for the block period from 01.4.1989 to 10.8.1999. 3. The above appeal has been admitted on 22.8.2008 on the fol .....

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..... preme Court, was as to whether levy of surcharge, which was introduced by insertion of Proviso to Section 113 of the Income Tax Act, 1961, could be made retrospective. The Hon'ble Supreme Court held that if the Enactment is expressed in language, which is fairly capable of either interpretation, it ought to be construed as prospective only. 6. Thus, following the above decision, the substanti .....

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