https://www.taxtmi.com/caselaws?id=403251 The High Court upheld the Tribunal's decisions, dismissing the Department's appeals. The assessee was entitled to deductions under Sections 10A and 10B for the relevant assessment years. Additionally, interest under Section 234D could not be imposed for the said assessment years as the section could not be applied retrospectively. The Court emphasized that amendments to the Income Tax Act apply prospectively unless expressly stated otherwise. en-us Tue, 19 Jan 2021 00:00:00 +0530 Wed, 03 Mar 2021 15:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403251 The High Court upheld the Tribunal's decisions, dismissing the Department's appeals. The assessee was entitled to deductions under Sections 10A and 10B for the relevant assessment years. Additionally, interest under Section 234D could not be imposed for the said assessment years as the section could not be applied retrospectively. The Court emphasized that amendments to the Income Tax Act apply prospectively unless expressly stated otherwise. Case-Laws Income Tax Tue, 19 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403251