https://www.taxtmi.com/caselaws?id=392019 The High Court remanded the case to the Income Tax Appellate Tribunal following the Supreme Court's reversal of its decision in the case of Commissioner of Income Tax, Bangalore Vs. K.Raheja Hotels & Estate (P.) Ltd. The Court clarified that the levy of surcharge in block assessments should be prospective, as per the Finance Act, 2003. The appeals of the assessees were allowed, deleting the surcharge imposed before 1st June 2002, while the Income Tax Department's appeal was dismissed. en-us Tue, 28 Jan 2020 00:00:00 +0530 Wed, 12 Feb 2020 07:56:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392019 The High Court remanded the case to the Income Tax Appellate Tribunal following the Supreme Court's reversal of its decision in the case of Commissioner of Income Tax, Bangalore Vs. K.Raheja Hotels & Estate (P.) Ltd. The Court clarified that the levy of surcharge in block assessments should be prospective, as per the Finance Act, 2003. The appeals of the assessees were allowed, deleting the surcharge imposed before 1st June 2002, while the Income Tax Department's appeal was dismissed. Case-Laws Income Tax Tue, 28 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392019