https://www.taxtmi.com/caselaws?id=248210 The court allowed the appeal filed by the Revenue, setting aside the Tribunal's order and restoring the orders of the Assessing Authority and the Appellate Commissioner. The court directed the Assessing Officer to await the decision of the larger Bench of the Supreme Court regarding the levy of surcharge before taking further action. The court ruled in favor of the Revenue, emphasizing that the proviso to Section 113 of the Income Tax Act, 1961, does not have retrospective application and should be strictly interpreted. en-us Tue, 04 Feb 2014 00:00:00 +0530 Thu, 05 Jun 2014 12:34:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248210 The court allowed the appeal filed by the Revenue, setting aside the Tribunal's order and restoring the orders of the Assessing Authority and the Appellate Commissioner. The court directed the Assessing Officer to await the decision of the larger Bench of the Supreme Court regarding the levy of surcharge before taking further action. The court ruled in favor of the Revenue, emphasizing that the proviso to Section 113 of the Income Tax Act, 1961, does not have retrospective application and should be strictly interpreted. Case-Laws Income Tax Tue, 04 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248210