https://www.taxtmi.com/caselaws?id=18041 The High Court held that rule 6AA did not have retrospective effect and operated prospectively from August 1, 1981. The court answered in favor of the Revenue regarding the applicability of rule 6AA for pending assessments and expenses incurred before June 30, 1980. The company was entitled to weighted deduction under section 35(1)(b)(iv) for expenses incurred through an agent but not under section 35(1)(b)(ix). The judgment clarified the retrospective nature of tax laws and eligibility for specific deductions. en-us Mon, 19 Aug 1996 00:00:00 +0530 Sat, 26 Sep 2009 13:25:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18041 The High Court held that rule 6AA did not have retrospective effect and operated prospectively from August 1, 1981. The court answered in favor of the Revenue regarding the applicability of rule 6AA for pending assessments and expenses incurred before June 30, 1980. The company was entitled to weighted deduction under section 35(1)(b)(iv) for expenses incurred through an agent but not under section 35(1)(b)(ix). The judgment clarified the retrospective nature of tax laws and eligibility for specific deductions. Case-Laws Income Tax Mon, 19 Aug 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18041