https://www.taxtmi.com/caselaws?id=187907 The Supreme Court allowed the civil appeal of the appellant-assessee, ruling that the proviso in section 36(1)(iii) of the IT Act applies prospectively from April 1, 2004. Consequently, the appellant is entitled to the benefit of interest allowance for the assessment year 1989-90. The case is remitted to the High Court for further proceedings in line with this decision. en-us Mon, 08 Dec 2008 00:00:00 +0530 Thu, 04 Jan 2018 14:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187907 The Supreme Court allowed the civil appeal of the appellant-assessee, ruling that the proviso in section 36(1)(iii) of the IT Act applies prospectively from April 1, 2004. Consequently, the appellant is entitled to the benefit of interest allowance for the assessment year 1989-90. The case is remitted to the High Court for further proceedings in line with this decision. Case-Laws Income Tax Mon, 08 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187907