https://www.taxtmi.com/caselaws?id=207455 AP HC held that section 10(26AAB), as inserted by the Finance Act, 2008, is not retrospective to April 1, 2003, and took effect from April 1, 2009. Consequently, the exemption under the new clause applies from AY 2009-10 onward and does not apply to earlier assessment years; relief denied up to AY 2008-09 and granted from AY 2009-10 and subsequent years. en-us Wed, 30 Mar 2011 00:00:00 +0530 Mon, 06 Oct 2025 12:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207455 AP HC held that section 10(26AAB), as inserted by the Finance Act, 2008, is not retrospective to April 1, 2003, and took effect from April 1, 2009. Consequently, the exemption under the new clause applies from AY 2009-10 onward and does not apply to earlier assessment years; relief denied up to AY 2008-09 and granted from AY 2009-10 and subsequent years. Case-Laws Income Tax Wed, 30 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207455