https://www.taxtmi.com/caselaws?id=78724 The High Court, guided by the Supreme Court's decision in CIT v. Alom Extrusions Ltd., ruled in favor of the assessee against the Revenue. The Court held that the Finance Act, 2003, should be deemed curative and retrospective, effective from April 1, 1988, aligning with the introduction of the first proviso. This decision emphasized interpreting legislative intent to ensure fairness in taxation matters, allowing deductions for contributions made before the due date under the Employees' Provident Fund Act. en-us Wed, 16 Dec 2009 00:00:00 +0530 Fri, 25 Mar 2016 12:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=78724 The High Court, guided by the Supreme Court's decision in CIT v. Alom Extrusions Ltd., ruled in favor of the assessee against the Revenue. The Court held that the Finance Act, 2003, should be deemed curative and retrospective, effective from April 1, 1988, aligning with the introduction of the first proviso. This decision emphasized interpreting legislative intent to ensure fairness in taxation matters, allowing deductions for contributions made before the due date under the Employees' Provident Fund Act. Case-Laws Income Tax Wed, 16 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=78724