https://www.taxtmi.com/caselaws?id=12652 The High Court of CALCUTTA upheld the Tribunal's decision in a case involving disputes over the correctness of an assessment order and the retrospective withdrawal of approval under the Income-tax Act, 1961. The court ruled in favor of the assessee, emphasizing that genuine deductions should not be denied due to Departmental errors. The decision supported the principle that retrospective amendments should not prejudice the assessee's rights, ensuring protection of the assessee's entitlement to deductions even in cases of withdrawal of approvals. en-us Tue, 03 Jul 2001 00:00:00 +0530 Mon, 02 Jul 2018 14:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12652 The High Court of CALCUTTA upheld the Tribunal's decision in a case involving disputes over the correctness of an assessment order and the retrospective withdrawal of approval under the Income-tax Act, 1961. The court ruled in favor of the assessee, emphasizing that genuine deductions should not be denied due to Departmental errors. The decision supported the principle that retrospective amendments should not prejudice the assessee's rights, ensuring protection of the assessee's entitlement to deductions even in cases of withdrawal of approvals. Case-Laws Income Tax Tue, 03 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12652