Bombay High Court: Refund to NPPA not impacted by Section 37 explanation. Tribunal to be notified for joint appeal. The High Court of Bombay held that the refund to the NPPA was not affected by explanation 1 to Section 37 of the Act for the Assessment Year 1999-2000. ...
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Bombay High Court: Refund to NPPA not impacted by Section 37 explanation. Tribunal to be notified for joint appeal.
The High Court of Bombay held that the refund to the NPPA was not affected by explanation 1 to Section 37 of the Act for the Assessment Year 1999-2000. The Tribunal's decision from a prior case was deemed inapplicable as the explanation was not present in the relevant year. The Registry was instructed to notify the Tribunal about the order for future cases, to be heard jointly with another Income Tax Appeal.
The High Court of Bombay heard an appeal related to the Assessment Year 1999-2000. The main question was whether the refund made to the NPPA was affected by explanation 1 to Section 37 of the Act. The Tribunal's decision in a previous case was considered not directly applicable due to the absence of the explanation in the relevant year. The Registry was directed to inform the Tribunal about the order for future reference. The case was to be heard along with another Income Tax Appeal.
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