2006 (9) TMI 153

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....he opinion of this court by the Income-tax Appellate Tribunal, Chandigarh Bench, Chandigarh, arising out of its order dated August 29, 1995, in respect of the assessment year 1987-88: "Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was right in law in holding that the liability of Rs. 94,759 is allowable if the payment is made before the due date p....

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....view and held that the proviso in question was retrospective and was applicable to the assessment year 1984-85 onwards. The matter was remanded to the Assessing Officer to determine whether payments had been made before the due date as specified in the Explanation to section 36(1)(va) of the Act. We find that the matter is covered by the judgment of the hon'ble Supreme Court in Allied Motors P.....