https://www.taxtmi.com/caselaws?id=298322 The Tribunal allowed the appeal, deleted the ALP adjustment of Rs. 46,127 for deemed interest on delayed sale proceeds, and held that the retrospective application of the Explanation to Section 92B was impermissible for the assessment year. The decision emphasized adherence to judicial precedents and the principle that amendments expanding section scope cannot have retrospective effect. en-us Thu, 31 Mar 2016 00:00:00 +0530 Sat, 30 Oct 2021 15:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298322 The Tribunal allowed the appeal, deleted the ALP adjustment of Rs. 46,127 for deemed interest on delayed sale proceeds, and held that the retrospective application of the Explanation to Section 92B was impermissible for the assessment year. The decision emphasized adherence to judicial precedents and the principle that amendments expanding section scope cannot have retrospective effect. Case-Laws Income Tax Thu, 31 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298322