https://www.taxtmi.com/caselaws?id=438550 The Tribunal allowed the appeal of the assessee for statistical purposes, emphasizing the need for accurate assessment and adherence to legal provisions. The second proviso to section 201(1) of the Income-tax Act, 1961, was held to have retrospective application, dismissing the contention of the CIT(A). The matter was remanded to the Assessing Officer for fresh adjudication considering the retrospective application, requiring the assessee to provide complete reconciliation of payments and TDS elements. en-us Thu, 01 Jun 2023 00:00:00 +0530 Sat, 03 Jun 2023 08:55:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438550 The Tribunal allowed the appeal of the assessee for statistical purposes, emphasizing the need for accurate assessment and adherence to legal provisions. The second proviso to section 201(1) of the Income-tax Act, 1961, was held to have retrospective application, dismissing the contention of the CIT(A). The matter was remanded to the Assessing Officer for fresh adjudication considering the retrospective application, requiring the assessee to provide complete reconciliation of payments and TDS elements. Case-Laws Income Tax Thu, 01 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438550