https://www.taxtmi.com/caselaws?id=3491 The Court held that the amendment to Section 43B by the Finance Act 2003 was prospective, not retrospective, and applicable from the assessment year 2004-2005. The substantial question of law was answered in favor of the Revenue and against the Assessee, emphasizing the intention to simplify tax administration and the explicit effective date of April 1, 2004 for the amendment. en-us Mon, 08 Oct 2007 00:00:00 +0530 Mon, 28 Jul 2008 12:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3491 The Court held that the amendment to Section 43B by the Finance Act 2003 was prospective, not retrospective, and applicable from the assessment year 2004-2005. The substantial question of law was answered in favor of the Revenue and against the Assessee, emphasizing the intention to simplify tax administration and the explicit effective date of April 1, 2004 for the amendment. Case-Laws Income Tax Mon, 08 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3491