https://www.taxtmi.com/caselaws?id=71856 The ITAT concluded that the proviso to s. 113 of the IT Act, which imposes a surcharge on undisclosed income, is not retrospective and applies prospectively from 1st June 2002. As the search in this case occurred before this date, the surcharge was deemed unlawful. The assessee's appeal was accepted, and the surcharge was quashed. en-us Mon, 04 Aug 2003 00:00:00 +0530 Wed, 17 Jul 2024 12:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71856 The ITAT concluded that the proviso to s. 113 of the IT Act, which imposes a surcharge on undisclosed income, is not retrospective and applies prospectively from 1st June 2002. As the search in this case occurred before this date, the surcharge was deemed unlawful. The assessee's appeal was accepted, and the surcharge was quashed. Case-Laws Income Tax Mon, 04 Aug 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71856