https://www.taxtmi.com/caselaws?id=423996 The Tribunal dismissed the Revenue's appeals against the CIT(A)'s orders for Assessment Years 2011-12 & 2012-13, affirming the retrospective application of the second proviso to section 40(a)(ia) of the Income Tax Act, 1961. The Tribunal relied on established legal principles and previous court rulings, emphasizing the settled nature of the issue. The decision aligned with the Jurisdictional High Court's stance, leading to the rejection of the Revenue's appeals. en-us Thu, 09 Jun 2022 00:00:00 +0530 Mon, 20 Jun 2022 08:39:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423996 The Tribunal dismissed the Revenue's appeals against the CIT(A)'s orders for Assessment Years 2011-12 & 2012-13, affirming the retrospective application of the second proviso to section 40(a)(ia) of the Income Tax Act, 1961. The Tribunal relied on established legal principles and previous court rulings, emphasizing the settled nature of the issue. The decision aligned with the Jurisdictional High Court's stance, leading to the rejection of the Revenue's appeals. Case-Laws Income Tax Thu, 09 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423996