https://www.taxtmi.com/caselaws?id=179356 The High Court dismissed the Revenue's appeal (ITA 48/2014), affirming the Tribunal's decision to grant relief to the assessee regarding the interpretation of the third proviso to sub-section 3(c)(ii) of Section 80HHC. The Court held that reopening the assessment for the year 2000-01 based on a retrospective amendment was unjustified, emphasizing the prospective application of the amendment from the assessment year 2005-06. Additionally, the Court emphasized the importance of citing legal precedents accurately for supporting arguments, highlighting the need for adherence to legal principles in tax provisions interpretation. en-us Fri, 31 Jan 2014 00:00:00 +0530 Sat, 27 Feb 2016 09:35:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179356 The High Court dismissed the Revenue's appeal (ITA 48/2014), affirming the Tribunal's decision to grant relief to the assessee regarding the interpretation of the third proviso to sub-section 3(c)(ii) of Section 80HHC. The Court held that reopening the assessment for the year 2000-01 based on a retrospective amendment was unjustified, emphasizing the prospective application of the amendment from the assessment year 2005-06. Additionally, the Court emphasized the importance of citing legal precedents accurately for supporting arguments, highlighting the need for adherence to legal principles in tax provisions interpretation. Case-Laws Income Tax Fri, 31 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179356