https://www.taxtmi.com/caselaws?id=309819 The HC reversed the Tribunal's decision, holding that retrospective amendments to the statute justify rectification under Section 154 of the I.T. Act. The HC determined that such amendments are deemed to have been part of the statute during the relevant years, thus validating the assessing officer's actions to revise assessments. The HC restored the orders of the CIT (Appeals) and remanded the cases to the Tribunal for reconsideration of other unresolved issues, such as the computation of eligible deductions under Section 80HHC and interest liability. The revenue's appeals were allowed. en-us Tue, 23 Mar 2010 00:00:00 +0530 Wed, 13 Dec 2023 17:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309819 The HC reversed the Tribunal's decision, holding that retrospective amendments to the statute justify rectification under Section 154 of the I.T. Act. The HC determined that such amendments are deemed to have been part of the statute during the relevant years, thus validating the assessing officer's actions to revise assessments. The HC restored the orders of the CIT (Appeals) and remanded the cases to the Tribunal for reconsideration of other unresolved issues, such as the computation of eligible deductions under Section 80HHC and interest liability. The revenue's appeals were allowed. Case-Laws Income Tax Tue, 23 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309819