https://www.taxtmi.com/caselaws?id=19966 The SC upheld the decision of the ITAT, affirming the rejection of the rectification application by the Income-tax Officer. The retrospective amendment of section 80J was deemed applicable from the specified date for all purposes, justifying the rejection based on the amended provision. The court clarified that decisions of one HC are not binding on courts outside its jurisdiction, supporting the Income-tax Officer's refusal to modify the order based on the Calcutta HC decision. The ruling favored the Revenue, emphasizing legal principles and upholding the decisions of the lower authorities. en-us Wed, 15 Sep 1993 00:00:00 +0530 Tue, 10 Nov 2009 18:23:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19966 The SC upheld the decision of the ITAT, affirming the rejection of the rectification application by the Income-tax Officer. The retrospective amendment of section 80J was deemed applicable from the specified date for all purposes, justifying the rejection based on the amended provision. The court clarified that decisions of one HC are not binding on courts outside its jurisdiction, supporting the Income-tax Officer's refusal to modify the order based on the Calcutta HC decision. The ruling favored the Revenue, emphasizing legal principles and upholding the decisions of the lower authorities. Case-Laws Income Tax Wed, 15 Sep 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19966