2015 (11) TMI 1753

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....t Revenue in this appeal under section 260A of the Income Tax Act, 1961 [hereinafter referred to as 'the Act'] has challenged the order dated 13th March, 2015 passed by the Income Tax Appellate Tribunal, Ahmedabad Bench-C in ITA/2466/AHD/2011 by proposing the following questions stated to be substantial questions of law: "A. Whether the Tribunal has was justified on facts and in the circ....

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....ounting period is the previous year 2004-05. It is an admitted position that the controversy involved in the present case stands concluded by a decision of this Court in Tax Appeal No.493 of 2003 and allied appeals wherein it has been held that the the amendment brought out by Finance Act, 2010 with effect from 1st April, 2010 has retrospective effect. Under the circumstances, it is not necessary....