https://www.taxtmi.com/caselaws?id=246198 The High Court of Bombay upheld the order of the Income Tax Appellate Tribunal in two income tax appeals. The court ruled in favor of the revenue, emphasizing the substantial questions of law raised in the memo of appeal and the retrospective application of Section 234D of the Income Tax Act, 1961. It found that the Tribunal's decision on brokerage income sourced through ICICI Bank Ltd. was consistent with prior years and did not present a substantial legal question. The appeal was dismissed on these grounds, with no costs awarded to either party. en-us Wed, 02 Apr 2014 00:00:00 +0530 Fri, 18 Apr 2014 17:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246198 The High Court of Bombay upheld the order of the Income Tax Appellate Tribunal in two income tax appeals. The court ruled in favor of the revenue, emphasizing the substantial questions of law raised in the memo of appeal and the retrospective application of Section 234D of the Income Tax Act, 1961. It found that the Tribunal's decision on brokerage income sourced through ICICI Bank Ltd. was consistent with prior years and did not present a substantial legal question. The appeal was dismissed on these grounds, with no costs awarded to either party. Case-Laws Income Tax Wed, 02 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246198