High Court Rules Section 10(26AAB) Income Tax Act, 1961, Non-Retrospective, AMCs' Income Taxable Pre-April 2009. https://www.taxtmi.com/highlights?id=3091 Whether Sec. 10(26AAB) of the IT Act, 1961 exempts income of Agricultural Market Committees (AMCs) from the levy of income-tax under the Act, inserted by the Finance Act, 2008 w.e.f. 1st April, 2009 is retrospective in operation - held no - HC en-us Mon, 05 Mar 2012 16:15:28 +0530 Mon, 05 Mar 2012 16:15:28 +0530 TaxTMI RSS Generator High Court Rules Section 10(26AAB) Income Tax Act, 1961, Non-Retrospective, AMCs' Income Taxable Pre-April 2009. https://www.taxtmi.com/highlights?id=3091 Whether Sec. 10(26AAB) of the IT Act, 1961 exempts income of Agricultural Market Committees (AMCs) from the levy of income-tax under the Act, inserted by the Finance Act, 2008 w.e.f. 1st April, 2009 is retrospective in operation - held no - HC Highlights Income Tax Mon, 05 Mar 2012 16:15:28 +0530 https://www.taxtmi.com/highlights?id=3091