https://www.taxtmi.com/caselaws?id=10489 The High Court ruled in favor of the Revenue and against the assessee in a case concerning deduction under section 80HHC of the Income-tax Act, 1961. The Court held that the amendment made by the Finance Act of 1991 could not be applied retrospectively to the assessee's case. It found the treatment of the provisions of the amended section 80HHC as retrospective to be legally unsustainable, following a Supreme Court precedent. Consequently, the Assessing Officer's decision to rectify the mistake by allowing the deduction based on the amended section 80HHC was deemed legally valid. en-us Wed, 12 Jan 2005 00:00:00 +0530 Thu, 16 Jul 2009 16:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10489 The High Court ruled in favor of the Revenue and against the assessee in a case concerning deduction under section 80HHC of the Income-tax Act, 1961. The Court held that the amendment made by the Finance Act of 1991 could not be applied retrospectively to the assessee's case. It found the treatment of the provisions of the amended section 80HHC as retrospective to be legally unsustainable, following a Supreme Court precedent. Consequently, the Assessing Officer's decision to rectify the mistake by allowing the deduction based on the amended section 80HHC was deemed legally valid. Case-Laws Income Tax Wed, 12 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10489