TMI Blog2021 (11) TMI 1020X X X X Extracts X X X X X X X X Extracts X X X X ..... ) and u/s 43B of the Act were prospective in nature or retrospective? - HELD THAT:- Tribunal has consistently allowed similar claims of the assessee holding that the Amendments effected by the Finance Act 2021 to section 36(l)(va) and u/s 43B of the income Tax Act are not clarificatory in nature and they do not have retrospective effect and are applicable prospectively. Reading from the Notes on C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Smt. Priyanka Dhar, JCIT ORDER PER DIVA SINGH By the present appeal, the assessee assails the correctness of the order dated 30.07.2021 of ld. CIT(A) (NFAC i.e. National Faceless Appeal Centre) Delhi pertaining to 2017-18 assessment year passed u/s 250(6) of the Income Tax Act,1961. 2. Though various grounds have been raised in the present appeal, however, it was the plea of t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... jurisdictional High Court in the case of CIT Vs Hemla Embroidery Mills (P) Ltd(2014) 366 ITR 167(P H). 4. The ld. Sr.DR relied upon the order. No contrary decision in support of the impugned order was relied upon for our consideration. 5. We have heard the submissions and perused the material available on record. Considering the issue, it is seen that it is no longer res-integra. The controv ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... be made to various other orders of the Chandigarh Benches in ITA 250/CHD/2021 in the case of Shri Sukhdev Singh, Mohali and ITA 255/CHD/2021 in the case of M/s CZAR FAUCETS Ltd. Chandigarh wherein consistently following the decisions of the jurisdictional High Court in the case of CIT Vs Nuchem Ltd (ITA No. 323 of 2009) and CIT Vs Hemla Embroidery Mills Pvt. Ltd.(2014) 366 ITR 167, the Tribunal ha ..... X X X X Extracts X X X X X X X X Extracts X X X X
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