https://www.taxtmi.com/caselaws?id=247733 The Tribunal dismissed the Revenue's appeals challenging the Commissioner of Income Tax (Appeals)-VI, Chennai's orders for the assessment years 2001-02 and 2002-03 regarding the applicability of provisos 3rd and 4th to Sec.80HHC(3) of the Act. Relying on the Hon'ble Gujarat High Court's decision in a similar case, the Tribunal held that the amendments introduced by the Finance Act 2005 were prospective, not retrospective, and should benefit the assessees. The Tribunal found no errors in the lower authorities' rulings and concluded the appeals lacked merit. The judgment was delivered on May 9, 2014, in Chennai. en-us Fri, 09 May 2014 00:00:00 +0530 Wed, 21 May 2014 11:17:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247733 The Tribunal dismissed the Revenue's appeals challenging the Commissioner of Income Tax (Appeals)-VI, Chennai's orders for the assessment years 2001-02 and 2002-03 regarding the applicability of provisos 3rd and 4th to Sec.80HHC(3) of the Act. Relying on the Hon'ble Gujarat High Court's decision in a similar case, the Tribunal held that the amendments introduced by the Finance Act 2005 were prospective, not retrospective, and should benefit the assessees. The Tribunal found no errors in the lower authorities' rulings and concluded the appeals lacked merit. The judgment was delivered on May 9, 2014, in Chennai. Case-Laws Income Tax Fri, 09 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247733