High Court Rules Section 10(26AAB) Income Tax Act, 1961, Non-Retrospective, AMCs' Income Taxable Pre-April 2009.

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....Whether Sec. 10(26AAB) of the IT Act, 1961 exempts income of Agricultural Market Committees (AMCs) from the levy of income-tax under the Act, inserted by the Finance Act, 2008 w.e.f. 1st April, 2009 is retrospective in operation - held no - HC....