https://www.taxtmi.com/caselaws?id=10893 The High Court ruled in favor of the assessee on all issues discussed, including the interpretation of section 158BB(1)(c) of the Income-tax Act, 1961, the inclusion of income below the taxable limit in block assessment before and after the Finance Act, 2002, and the deletion of addition made in assessment regarding income from 'pachai business'. The Court emphasized the retrospective effect of the amendment by the Finance Act, 2002 and applied established legal principles to support its decision, ultimately dismissing the appeal. en-us Fri, 16 Jul 2004 00:00:00 +0530 Mon, 27 Jul 2009 15:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10893 The High Court ruled in favor of the assessee on all issues discussed, including the interpretation of section 158BB(1)(c) of the Income-tax Act, 1961, the inclusion of income below the taxable limit in block assessment before and after the Finance Act, 2002, and the deletion of addition made in assessment regarding income from 'pachai business'. The Court emphasized the retrospective effect of the amendment by the Finance Act, 2002 and applied established legal principles to support its decision, ultimately dismissing the appeal. Case-Laws Income Tax Fri, 16 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10893