https://www.taxtmi.com/caselaws?id=204693 The High Court dismissed the Revenue's appeals, upholding the Tribunal's decisions on various tax deduction issues. The Court confirmed that the amendments to Section 36(1)(viii) and Section 41(4A) were prospective and did not apply to the relevant assessment years. Additionally, the Court supported the Tribunal's ruling on the reversal of interest income, in line with RBI guidelines and Supreme Court precedents. en-us Mon, 11 Jul 2011 00:00:00 +0530 Fri, 22 Jul 2011 14:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204693 The High Court dismissed the Revenue's appeals, upholding the Tribunal's decisions on various tax deduction issues. The Court confirmed that the amendments to Section 36(1)(viii) and Section 41(4A) were prospective and did not apply to the relevant assessment years. Additionally, the Court supported the Tribunal's ruling on the reversal of interest income, in line with RBI guidelines and Supreme Court precedents. Case-Laws Income Tax Mon, 11 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204693