https://www.taxtmi.com/caselaws?id=426560 The Tribunal allowed the assessee's appeal, emphasizing the retrospective application of the beneficial provision in Section 43CA, adding a 10% margin proviso, to provide relief. The judgment concluded that the provision applied retrospectively to the assessment year in question, aligning with the Supreme Court's doctrine on retrospective applicability of tax provisions. The decision was based on the principle that if legislation confers a benefit without inflicting detriment, it warrants retrospective effect, leading to the allowance of the assessee's appeal. en-us Wed, 17 Aug 2022 00:00:00 +0530 Wed, 25 Feb 2026 15:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426560 The Tribunal allowed the assessee's appeal, emphasizing the retrospective application of the beneficial provision in Section 43CA, adding a 10% margin proviso, to provide relief. The judgment concluded that the provision applied retrospectively to the assessment year in question, aligning with the Supreme Court's doctrine on retrospective applicability of tax provisions. The decision was based on the principle that if legislation confers a benefit without inflicting detriment, it warrants retrospective effect, leading to the allowance of the assessee's appeal. Case-Laws Income Tax Wed, 17 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426560