https://www.taxtmi.com/caselaws?id=408739 The Court upheld the Tribunal's decision regarding the applicability of section 115JB to the assessee for the Assessment Year 2006-07, emphasizing the specific effective date of the amendment. However, the Court found that the Tribunal erred in accepting an additional ground raised by the assessee regarding section 115JB, as it was not raised at earlier stages. The Court upheld the Tribunal's decision to allow prior period expenses and expenses claimed by the assessee's employees and agencies, dismissing the appeal and finding no merit in the revenue's contentions. en-us Wed, 09 Jun 2021 00:00:00 +0530 Wed, 15 Sep 2021 16:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408739 The Court upheld the Tribunal's decision regarding the applicability of section 115JB to the assessee for the Assessment Year 2006-07, emphasizing the specific effective date of the amendment. However, the Court found that the Tribunal erred in accepting an additional ground raised by the assessee regarding section 115JB, as it was not raised at earlier stages. The Court upheld the Tribunal's decision to allow prior period expenses and expenses claimed by the assessee's employees and agencies, dismissing the appeal and finding no merit in the revenue's contentions. Case-Laws Income Tax Wed, 09 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408739