https://www.taxtmi.com/caselaws?id=205010 The Court ruled in favor of the revenue, finding that the retrospective application of section 142A of the Income Tax Act, 1961 was valid for the assessment year in question. It held that the proviso to section 142A did not apply when an appeal under section 260A was pending in the High Court before September 30, 2004, as the assessment could not be deemed final and conclusive in such cases. The matters were remitted back to the Tribunal for a fresh decision in accordance with the law. en-us Thu, 27 Jan 2011 00:00:00 +0530 Wed, 15 Jun 2011 16:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205010 The Court ruled in favor of the revenue, finding that the retrospective application of section 142A of the Income Tax Act, 1961 was valid for the assessment year in question. It held that the proviso to section 142A did not apply when an appeal under section 260A was pending in the High Court before September 30, 2004, as the assessment could not be deemed final and conclusive in such cases. The matters were remitted back to the Tribunal for a fresh decision in accordance with the law. Case-Laws Income Tax Thu, 27 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205010