https://www.taxtmi.com/caselaws?id=380821 The Appellate Tribunal ITAT Mumbai upheld its earlier decision to dismiss the revenue's appeal (ITA. No.1707/M/2018) based on CBDT Circular No.3/2018 dated 11.07.2018. Despite an amendment in para no. 10 of the Circular on 20.08.2018, the Tribunal ruled that the amendment was not retrospective. Therefore, the appeal was not subject to recall, and the revenue's miscellaneous application was dismissed. The judgment emphasized the non-retrospective nature of the amendment and affirmed the original decision's validity. en-us Wed, 22 May 2019 00:00:00 +0530 Tue, 28 May 2019 10:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380821 The Appellate Tribunal ITAT Mumbai upheld its earlier decision to dismiss the revenue's appeal (ITA. No.1707/M/2018) based on CBDT Circular No.3/2018 dated 11.07.2018. Despite an amendment in para no. 10 of the Circular on 20.08.2018, the Tribunal ruled that the amendment was not retrospective. Therefore, the appeal was not subject to recall, and the revenue's miscellaneous application was dismissed. The judgment emphasized the non-retrospective nature of the amendment and affirmed the original decision's validity. Case-Laws Income Tax Wed, 22 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380821