Court Rules in Favor of Revenue: Section 10A Exemption Amendment Not Retrospective, Applies to Five Consecutive Years Calculation.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Exemption under section10A - computation of five consecutive years - amendment to section 10A(3) - the amendment is not retrospective in nature - Decided in favor of revenue. - HC....