2008 (1) TMI 573

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....ALVEER BHANDARI, SATHASIVAM P. JJ   Civil Appeal No. 8340 of 2004 with Civil Appeal Nos. 8363, 8337 to 8339 and 8361 of 2004 and T. P. (Civil) No. 482 of 2004 JUDGMENT 1. In these cases, the appellants have challenged the validity of rule 3 of the Income-tax Rules, 1962, as amended by the Income-tax (Twenty-second Amendment) Rules, 2001 (hereinafter referred to as "the Rules") which amend....

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....as been concluded by the aforesaid judgment and they are disposed of in terms thereof. 5. Counsel for the appellants have very fairly brought to our notice that subsequent to the aforesaid judgment of this court, the Legislature has added an Explanation 1 to section 17(2) of the Act by the Finance Act, 2007, with effect from April 1, 2002, taking away the effect of the judgment on or after April ....