https://www.taxtmi.com/caselaws?id=33977 The court upheld the decision of the Income-tax Appellate Tribunal, dismissing the Revenue's application to refer questions of law to the High Court under section 256(1) of the Income-tax Act, 1961. The court ruled in favor of the Revenue, holding that the questions were already answered in favor of the Revenue in a previous case involving the same assessee. Consequently, the court disposed of the petition, following precedent and favoring the Revenue in interpreting section 80HHC(2)(b)(ii) and the retrospective effect of the amendment by the Finance (No. 2) Act, 1991. en-us Wed, 08 Aug 2007 00:00:00 +0530 Wed, 01 Jul 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33977 The court upheld the decision of the Income-tax Appellate Tribunal, dismissing the Revenue's application to refer questions of law to the High Court under section 256(1) of the Income-tax Act, 1961. The court ruled in favor of the Revenue, holding that the questions were already answered in favor of the Revenue in a previous case involving the same assessee. Consequently, the court disposed of the petition, following precedent and favoring the Revenue in interpreting section 80HHC(2)(b)(ii) and the retrospective effect of the amendment by the Finance (No. 2) Act, 1991. Case-Laws Income Tax Wed, 08 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33977