https://www.taxtmi.com/caselaws?id=5895 The court dismissed the writ petition, holding that the decision in Cloth Traders' case was erroneous. It concluded that Section 80AA was declaratory of the law as it always was, validating its retrospective application. The court found no constitutional issue, directing each party to bear its own costs. en-us Mon, 01 Jul 1985 00:00:00 +0530 Tue, 27 Jan 2015 14:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5895 The court dismissed the writ petition, holding that the decision in Cloth Traders' case was erroneous. It concluded that Section 80AA was declaratory of the law as it always was, validating its retrospective application. The court found no constitutional issue, directing each party to bear its own costs. Case-Laws Income Tax Mon, 01 Jul 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5895